Real Estate Changes Post-Pandemic
Date Posted: March 18, 2021
Posted In: Ideas,
From Baltimore Post Examiner: Almost every industry around the world can anticipate changes following the pandemic and as more and more locations around the world begin to open up, we are starting to see those changes taking place. For John Eilermann CEO of McBride Homes, this has been a very uncertain time and despite the size of his business, it has been a very challenging year. John took over from his father in this position and was really taking the business to new heights prior to the pandemic and subsequent lockdown. Now that things are once again opening back up, those like John have got their work cut out to get things back to where they once were.
The post-pandemic climate will look very different from how things look right now, and here are just some of the changes which we can expect to see.
Focus on Affordable Homes
What has occurred over the last 12 months has certainly made many people think twice about their financial situation and the amount of outlay which they will make. For this reason we can certainly expect a huge change with regards to the types of homes that people will be buying. Not only are we going to see a reduction in ownership levels, we are also going to see those people who do look to buy a property, invest in affordable homes, with minimal debt. For construction companies, this means that luxury home builds will be very much on the back burner.