Real estate industry leaderspredict that the worst of COVID-driven real estate market declinessustained during the first six months this year may be in the rearview mirror, according to a midyear sentiment survey of industry leaders by RCLCO Real EstateAdvisors.
While some sectors have not yet hit bottom, industry leaderssurveyed by RCLCO predicted the beginnings of a recovery within ayear.
Industry leaders predicted that family rental, adult andfor-sale residential markets as well as land have already hitbottom, although resort and senior housing are still spiralingdown, according to the survey.
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R. Robin McDonald
Daily Report reporter R. Robin McDonald's journalism career includes stints as a staff writer at The Atlanta Journal-Constitution, The Fort Worth Star-Telegram, The Wichita Eagle, and The Anniston Star and as a trial tracker at CourtTV and CNN. She is the author of two true crime books -- Black Widow: The True Story of the Hilley Poisonings and Secrets Never Lie: The Death of Sara Tokars.
