The pandemic has already caused a mini-exodus out of New York City, and with lower taxes, lower interest rates, and — for the wealthiest among us — higher earnings thanks to stock market gains and some helpful bailouts, the housing market is roaring outside of urban America.
What will be the impact on real estate here, once the pandemic is finally in the rear view mirror?
That’s a question UBS real estate analyst Jonathan Woloshin took to task in an August 28th note to clients titled “Covid and real estate: a simple question with a complex answer.”…
