Ranch Land Report: Spring 2020
April 1, 2020 - "Market Report – The COVID-19 pandemic has impacted the world and closer to home it is impacting real estate markets. It is going to take awhile to assess the impact which will vary by sector. The blow to the financial markets will affect the real estate markets some negatively and some positively and there will be hardships as well as opportunities. The biggest impact will be the slow down in showings and closings. Moving forward from that we expect the properties with income potential may see some opportunity. Likewise, remote properties within a few hours of large urban centers may see increased interest as people look for their determined and desired social distancing. We expect softer markets in lifestyle and resort properties as buyers assess their financial situation and determine their appropriate social distancing. All in all, we expect a rocky start post crisis as people get back to the new normal in moving about." Read more...
