When the Coronavirus pandemic first shut the world down in March, it dealt a lethal blow both to the people of the United States and our economy.
Realtor Lori McShane acknowledges, however, that slowly but surely, businesses are beginning to reopen, and hopefully recover. But what sectors of the economy will drive that economic recovery?, she ponders.
“Thankfully,” says McShane in her latest ‘Selling With Lori” video, “there seems to be a growing consensus that the housing market is positioned to be that driving force.”
She continues, “It’s good to know that in the past, such as with the recession in 2008, the real estate market was a pivotal piece of economic recovery when it began to regain strength.”
As McShane notes, “With (the) overall economy, most of us already know the housing market was in great shape before the COVID-19 pandemic stress.”
Therefore, McShane opines, “I believe the real estate market will likely be a good supporting trigger to boost the economic recovery moving forward from the pandemic downturn. And perhaps we ought to consider that every home sold will have a positive financial impact on the marketplace benefiting all of us in the position to buy or sell property.”