As a Real Estate Licensed Salesperson for over 15 years at the State of New York have several various kinds of markets. While we frequently think of just buyers sellers and/ or a neutral marketplace the current – day pandemic and related health and financial catastrophe will most likely have a few longer – term impacts and effects which may permanently change this horizon. With that in mind this guide will try to consider discuss review and analyze 4 real estate elements which will experience game – altering longer – term changes and effects. 
- Housing market pricing buyers etc: Since in most states restrictions imposed at the so – called social distancing requirements home sales advertising etc have for now stopped entirely. If this crisis ends might this current market be affected? While the combination of low – interest rates and pent – up want by some to take part in this critical part of the American Dream may to a degree balance other things think we shall witness overall in most regions of the country reduced pricing as there will be fewer qualified prospective buyers. That is because of etc costs the drop in stock exchange and thus many will find their asset value reduced. There could be some government programs however these would need to be sure and we do not witness another property bubble due to financing programs that are incoherent.
- Storefronts/ Retail: Because many have had to develop alternative technology – based ways to market their products the current tendency which already was hard to the traditional retail marketplace become more stressed. In the future we will not see any improvement that is substantial and thus deductions. How this might affect real estate owners those smaller with regard to their capacity ownership and manage to maintain? It is many businesses likely will decide they need space and that will have impacts that are significant.
- Office area: This catastrophe has made it necessary for many Companies to have workers work remotely. The more many corporations this continues will recognize and believe they related expense and do not need as office space? How would that lease pricing and impact the amount of deductions?
- Rental Flats: Since fewer people will likely be able to possess their own houses more will look for apartment rentals.
