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What will happen to commercial real estate as more people work from home?
What Will Happen To Commercial Real Estate As More People Work From Home? The coronavirus pandemic forced many people to work from home. NPR looks into what remote work from home could mean for commercial real estate. People are going out less and working from home more because of the coronavirus pandemic.
What will happen to real estate in 2022?
The national median home price increased to $363,700 by the end of 2021! 4 That said, the rate at which they檙e increasing slowed down toward the end of the year. Both of those real estate trends will likely continue in 2022: Prices will likely go up more slowly than they did in early 2021, but they will keep going up.
How much more real estate will we need in the future?
To make this worse, currently, there are 2.5 people in each household, but the IGR forecasts the average number of people in each household will shrink a little moving forward, meaning we are going to require about a third more real estate than we currently have.
What are the latest real estate trends for 2020?
Real Estate Trend #2: Home Prices Are Still Rising. Next up: home price trends. In November 2020, existing home prices grew by a whopping 15% compared to last year攔ising to a national median of well over $300,000! This marks more than 100 straight months of year-over-year price gains. Sellers, this should put a big smile on your face!