How has COVID-19 impacted Pennsylvania’s real estate economy?
In a matter of weeks, the working world moved from business as usual to travel bans, office closures, and working from home.
The residential real estate market, which had been booming before COVID-19, went on lockdown—no construction, no appraisals and no new listings.
As the state goes from red to yellow to green, glimmers of hope have emerged that suggest a market recovery won’t be too far behind.
To get the most up-to-date assessment on the present and future state of the real estate market, we recruited two industry pros to offer a frank dialogue on how COVID-19 has shaken up the marketplace and how it might permanently reshape working and living in Pennsylvania.
Join real estate attorney Blair Granger as he questions BBG, Inc. Director, Jim Klementisz, MAI, SRA, about his view from the front line.
- Appraising in the COVID nightmare: proving value in a changing market
- The current real estate markets from a macro level: from 10,000 feet, what have been the main effects of COVID on residential, retail and office space nationwide
- Drilling down locally: residential marketplace in Philadelphia, suburban-Philadelphia, Pittsburgh and Harrisburg
- Effects of COVID on single family v. multi-family living
- Vacation home markets: renting vs buying, pricing and long-term outlook
- The office market: impact of WFH
- The retail market: selling, rent payments and the future of retail in Pennsylvania
Recorded on June 12, 2020.