Home Real Estate Residential Real Estate Returns to Earth, but Will Remain Strong

Residential Real Estate Returns to Earth, but Will Remain Strong

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Residential real estate markets in the U.S. and abroad may be settling down from the frenzied pace of pandemic buying, but buyers waiting for significant slowdowns or price drops shouldn’t hold their breath, expert panelists said on the first day of Mansion Global’s Luxury Real Estate Conference on Tuesday.

“World city prime residential markets had the best first half of a year since 2016,” said
Paul Tostevin,
director for Savills World Research. “Seventy percent of cities monitored saw positive growth in the first half of this year.”

In cities as well as suburban and rural markets, the aftershocks of a wild 2020 are still very much being felt. 

Click to view or join live discussions at the 2021 Luxury Real Estate Conference

“To call this year unusual would be a major understatement,” said
Danielle Hale,
chief economist, Realtor.com. “In 2020, the housing market was off to a strong start, then the pandemic put it on ice for a…

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