“Good from afar but far from good….”
Posted by Seaport Real Estate Services on
The Growing Gap between Price and Value
YEAR-END REVIEW
Breaking News: Residential Real Estate markets are on fire. Thank you Captain Obvious. No matter the cause, this is always newsworthy in and of itself. What makes this story especially compelling is the fact that it is being written in the middle of a global pandemic with jobs being lost and a larger economic contraction forthcoming. The short answer that explains this recent phenomenon is simple: city dwellers are fleeing concentrated, highly populated areas, and suburban markets are reaping the benefits of their relocation and ability to now work from home. Add to this, historically low-interest rates, fiscal stimulus, and a lack of grounded market awareness, it becomes easier to explain…
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