1. Jobs: A lot of jobs may not come back. Businesses have learned to work with fewer employees as the pandemic super-charged a trend already underway before the recession. Many of the lost jobs are in retail and at restaurants but high-paid computer engineers also are affected. Yes, the economy will eventually create other jobs, and real estate business will surely be on top!
2. Urban Migration: The movement to the big cities will continue. Even though the pandemic showed that many jobs can be done from anywhere, people and businesses still want to be near the infrastructure, the social activities, the access to premium healthcare. Real estate industry is a big factor to these areas.
3. Migration to more affordable housing: People will move where the jobs are, and away from expensive housing. These observations lead to the following conclusions about real estate investing after this pandemic.
In the short term there will be strong demand for more rentals, as It will be an interesting year for investors, with short-term disruptions and long-term advantages. It’s a time to really use your analytical skills. By coupling the vulnerability of jobs with the actual current job situation, we can identify markets that should be good long-term bets for investors both in rental and For Sale property.
CPD Homes LLC has the experience, know-how, and infra-structure to offer you opportunities in your real estate investment endeavors, like an alternative to invest your hard earned dollars on one of our great investment properties.
So whether you are looking for a rental income property or a great fix and flip, we regularly receive leads that could fit your investment strategy. We look for opportunities to favor all the parties involved in the transaction. Call us now at 216-619-4387 or visit www.cpdhomes.com! We’ll be happy to assist you!