Quote:
Originally Posted by Changing City
On the other hand apartment prices are certainly not increasing Downtown, and there are more options on the market as some investors are looking to sell, especially if they had short-term rental property. The new regulation on those, combined with collapse in demand must be putting more apartments into the market.
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Yes, the rental market is certainly in flux right now and that has impacts on RE sales. Somewhere around 50% of downtown condos are rentals, mostly from investor-owners that may be looking to sell.
Whether or not we see a long term shift to Work From Home is still up for debate. Commuting from the valley is not going to get any easier in the foreseeable future either.