Marc Rovner is a senior staff attorney for a multi-million dollar- title insurance company and an expert on property rights. Following the damage done to the economy by the pandemic, attorney Marc Rovner, located In East Rockaway, New York, has been assessing the direction the US real estate market might take for the remainder of 2021.
In 2020, renters suffered as it became more difficult to afford rent due to COVID 19. As companies shut down and unemployment increased, benefits were often too slow to reach tens of millions of people as evictions spiked. Although there were significant government efforts to block landlords from filing for eviction, many people still faced this challenge, Renters will likely continue to be disadvantaged for the rest of 2021, especially as eviction moratoria expire.
Meanwhile. Single-family home buyer sin the suburbs are likely to be the most common type in the latter half of 2021. The pandemic has raised awareness for the importance of a pleasant living space, as millions were stuck in isolation or lockdowns for the better part of a year. Although house inventory remains low and the pandemic has done nothing positive for affordability, buyers are likely to continue to seek housing in suburban areas with the hope of securing a property as a stable base for their families.