How COV-19 will affect the Real Estate Market in Palm Beach County

by Jeff Lichtenstein - Broker and Owner of Echo Fine Properties

 I think if you look a year out from today, the effect of the Coronavirus will be negligible. If anything, it might cause an increase in prices with demand up a bit. Here are some thoughts.....

COV-19 is a very real issue, but its long term effect on Real Estate (1 year out), will be negligible. It has been upsetting supply chains (there will probably be some effect on new home materials and prices, although China is quickly coming back to work), which has had a direct impact on business and the markets. However, the demand for information and news, and the taking in of emotional information is always highest at the beginning. People want genuine information and valid news outlets, tabloids, provocateurs and social media loons provide all of it, good and bad. This also scares people and fear can drive sales.

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