Guest: John Burns | CEO, John Burns Real Estate Consulting
John Burns joins Richard Green to share proprietary tools he and his team developed during the Great Recession to monitor how the current crisis has unfolded. Burns illustrates that apartments are showing signs of weakness, but with a usual market-wide spring pickup despite the COVID -19 disruption. Burns credits the Federal Government's actions to stabilize the marketplace as a key factor in the current resiliency of home sales. Burns also points out that Millennials with means are moving more and more towards homeownership as they age, though he cautions that the relatively good news today does guarantee growth or "boom times" without resolution on how the US as a whole will manage COVID-19.
