The Effects of COVID-19 on Real Estate: A Regional Perspective – Thursday, August 20, 3 PM EST
The Covid-19 pandemic has impacted real estate markets across the U.S. in many different ways. This roundtable highlighted a regional perspective on real estate, with an in-depth focus on Texas. Some of the impacts on the Lone Star State have included:
- COVID-19 accelerated changes already prevalent like retail restructuring and development of industrial real estate.
- The housing supply lag will continue, especially for starter homes in short-run.
- Structural change takes time: Not everyone can work from home.
- The apartment market outlook is worrisome due to the uncertainty surrounding people losing extra unemployment benefits.
- The path to recovery depends on COVID-19 outcomes: Economic recovery could be hindered going forward by possible upsurges in COVID-19 cases.
When: Thursday, August 20 at 3 p.m. EST
Featured Speaker: Luis Torres, research economist at the Texas A&M’s Real Estate Center.
Moderator: Bruce Kellison, director of the University of Texas-Austin’s Bureau of Business Research.
Welcome Message: AUBER President Patrick Barkey, director of the University of Montana’s Bureau of Business and Economic Research.
About Luis Torres
Luis Torres studies the Texas economy and real estate market as well as researching the U.S. and world economies. He developed regional indicators that measure economic activity in the real estate industry and forecast housing and commercial markets. Luis also oversees the following Center publications: Texas Housing Insight, Outlook for the Texas Economy, Texas Border Economy, and Texas Quarterly Commercial Report.
About Bruce Kellison
Bruce Kellison has been responsible for strategic planning for the Bureau of Business Research at the University of Texas at Austin since 1998. Under his leadership, the Bureau has won a number of research grants and contracts from a variety of sponsors, including the National Science Foundation, NASA, and the State of Texas. He is former editor of Texas Business Review and in 2017 served as AUBER’s president. Kellison frequently collaborates with social work scholars and has written about the economic impact of human trafficking, sexually oriented businesses, the rape kit backlog crisis, and sexual assault.
About Patrick Barkey
Patrick Barkey has served as Director of the Bureau of Business and Economic Research since 2008. He has been involved with economic forecasting and policy research for more than 30 years, in both the private and public sectors. Barkey is AUBER’s 2019-2020 president.