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2021 Interview of 429 Experts around the World on Covid-19
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Jenny CuiCountry: USA
City: Austin
Position: 2018 International Committee Chair of AREAA.
Organization: Asian Real Estate Association of America
On the whole, what was the percentage change in housing prices in your city during end 2019 to end 2020In your opinion, what will be the percentage change in housing prices in your city during end 2020 to end 2021
When will the property markets recover after Covid-19?
| Sector | Answer |
| Agricultural land |
|
| Urban land |
|
| Office |
|
| Shopping |
|
| Industrial properties |
|
| Hotels |
|
| Resort properties |
|
| Rental housing & rental apartments |
|
| Owner-occupied apartment or condominiums |
|
| Detached houses, rowhouses or low-rise residence |
|
| Residential land subdivision |
|
| Retirement living |
|
| Overall Assessment for your country |
|
What are ‘new normal’ in real estate in your opinion?
Real Estate price especially residential has been dramatically increased due to shortage of inventory and extreme high demand in my local market. Many high tech companies moved from Bay Area to Austin thus created jobs and demand for both house purchase and rental market. With the massive money printing from Fed, the inflation is on a big rise, thus push the real estate price higher as well. This might last for some period.
How should we adjust ourselves in real estate business?
Be aware of the economic trend that is related with real estate, know demand and supply, learn the market locally and globally, adjust business plan and strategy according to the new situation.
Which sectors are you in? (multiple choices)
2021 Interview of 429 Experts around the World on Covid-19
