It’s been a trying year, and all of us (except for wealthy introverts) have felt the hardships of COVID-19 and the economic shutdown. There’s no shortage of statistics which illustrate the challenges of the pandemic, but at the same time we will have learned some important lessons along the way
Thanks to Zoom, Skype et al, we are now able to work from home. Seeing how this will affect the economy will be fascinating. “But John, you roguish, yet trustworthy wordsmith”, I hear you ask, “how is this going to affect housing?”
Well, dear reader, homeowners are no longer confined to living within proximity to work. Couple this with “suburban flight” and we’re going to have people not just moving to the ‘burbs, but moving to small towns or even the country.
There are a lot of factors that go into suburban/rural flight. Whether it’s traffic, crime, or skyrocketing home prices, the idea of living in a less-populated, less-stressful area becomes intriguing. The 20th century saw a massive migration from small towns to big cities. Perhaps the 21st century will, to some extent, see a reversal.
However, don’t look for real estate prices to drop in Dallas. I’ve spent the last few weeks analyzing economists’ predictions, and I’d love to share my findings with you. I’m conducting them via Zoom or in-person all through January. I’m also happy to provide you with a quick market analysis of your property, so that you can understand what your investment is doing and what’s predicted to come.
I wish you and your family a healthy and happy Christmas!