What will be the new trends as a result of COVID-19?

[Scott Hasselbach]

Like everyone right now, I am spending a lot of time at home thinking about the short, mid and long-term impacts of our "new normal". A question I keep thinking about is what will be the new trends that will emerge as a result of COVID-19. For example, will we see a movement from our large urban centers like NYC to millennial cities like Nashville, Austin or Boise? How will these new trends impact the real estate market in the U.S.?

[Scott Rogers]

The next 6-12 months will be fascinating.  I think it's easy to see that more companies will move towards having at least a partial remote workforce.  Technology has been given the chance to prove itself and passed with flying colors.  More brick and mortal buildings go vacant as gyms, offices and restaurants close for good.  Thus opening up more real estate for residential development and putting pressure on home/rental prices?   I do however see people upgrading their primary residence to now include a home gym, dedicated office space and home theater room..