Many Realtors don’t anticipate a sort of economic collapse the industry saw in 2008, citing the temporary nature of the pandemic, as well as hopes that when it ends people will return to work and return to buying houses.
Stark shares that optimistic long-term view. With more people spending time at home, he thinks this period of isolation is bringing to light how important it is to have a home that you want to be in.
“This could put a rush to home ownership because you know what, this is my castle; this is my place I can go,” Stark said. “How that will work with the buyers’ psyche of ‘you know what, if I’m going to buy anything, I’m going to buy a nice home that I’m comfortable and feel good about,’ I think that can be part of the plans.”
So with all that being said even if the market declines it won’t reach those 2008 numbers. I’m very optimistic and I pray that our city will bounce back and continue growing. We don’t say #Vegasstrong for nothing.
