In the video below, Barbara Corcoran explains what’s happening in the current real estate market and the impact that the coronavirus has played.

Half-way through the video she makes some predictions on the long-lasting impact that the coronavirus will have. Here are a few.

  • “…. there’s a possibility that the (real estate) market will explode in terms of sales and rising prices….” Once the coronavirus crisis is over.
  • Digital marketing videos will be huge. Barbara Corcoran states: “….it will help the rental market…. but once you get outside the rental market, no way people are going to buy units because of a phenomenal virtual tour.'”
  • Lastly, Barbara stated when asked a question by the host; “The way real estate is marketed, without a doubt (will change). I think you’re going to see brick and mortar real estate store fronts (with high paying rents) paid by large real estate agents, probably not exist two years from today.

 

We’re providing daily updates on the coronavirus and its impact on the Boston Real estate market. For today’s Downtown Boston real estate news click here

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