What is the Future of Real Estate? - Gebah Kamara

The future looks strangely bright as it is and given to these conditions — major market failures, lower consumer demand, lower GDP, lower income, lower jobs, lower pay. But that will not completely disrupt the market.

Current studies show that the real estate market is on the move. Capital is still on the move. There is increasing demand, even if the interest rates are low. This can also be a solution to one of the most housing problems-owning affordable housing despite the crisis.

The Effects of the CARES Act

The real estate sector is currently growing relatively cautiously yet steadily. That is partly due to the country's current crisis. The elections are approaching for the constant influx of opportunities in the capital market and, as the CARES Act suggests, forbearance.

Since the government has granted forbearance under the CARES Act, many investors can decide whether to sell or not. Since they will always submit extensions after 6 months, let's assume this doesn't end in housing sector shortages and shortages. And, as we know, there would be less benefit when there is less competition than availability.

Although unemployment persists high and those unemployed who are eligible for a six-month extension will have two choices — either selling their homes by October or re-applying for an extension. The scenario is when there is an increase in homeowners putting their properties on the market as prices are increasing, so sales are beginning to decrease and there are no earnings. Nevertheless, those selling will probably be searching for a new place of their own to live in rural areas, whether at the same spot but most certainly in the suburbs or better.

The Next Available Options

Buyers, dealers and realtors will tend to see potential buyers eager to invest on pinballs purchasing low-priced properties and looking for the right opportunity to sell with money. Finding more customers is better, because the consumer can show up sooner or later — those are the ones who have decided to discount because of unemployment.

Another strategy is that it retains the gains after an investment property has been purchased and only reschedules the assets until after the prolonged default date. When mentioned above, the properties may end up being sold by those who have applied for the extended 6-month forbearance. And if that situation happens, the funds that are kept can be put to good use. There will still be a relatively good balance of inventories, indicating reasonable prices and the available funds.

Vendors, on the other hand, considered the price of the properties in the catalogues that are uncompromising. The faster it falls from that point of being sold, the higher the earnings you receive. And while the economy is in a possible recession, it is more critical that markets be reasonably stable and that the outlook be followed. If this happens, then mapping demand down is more complicated.

Once again, these are predictions and we can only hope for the best.