a16z Podcast

Real Estate in a Pandemic: Homeowners and Buyers (Part 1)

Jun 16, 2020
Joining the conversation are Alex Rampell, a general partner at Andreessen Horowitz with a focus on real estate investments, and Tushar Garg, CEO of Flyhomes, a firm helping buyers navigate tight markets. They delve into how the pandemic has reshaped the housing landscape, discussing shifts in buyer demand as urban dwellers seek suburban homes. The duo also tackles the impact of forbearance on homeowners and reveals how technology is streamlining the often cumbersome real estate processes. Amid economic uncertainties, they explore the future trends in the market.
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INSIGHT

Pandemic Impact on Housing Market

  • The pandemic significantly impacted home buying and selling, causing a historic drop in homes for sale.
  • Sellers hesitated due to market uncertainty and the stigma of houses not selling quickly.
INSIGHT

Resurgence in Buyer Demand

  • Buyer demand is recovering as shelter-in-place restrictions ease.
  • There's pent-up demand from buyers who waited on the sidelines.
INSIGHT

Impact of Remote Work on Home Prices

  • Home prices change when supply or demand curves shift, not just buyer competition.
  • The ability to work remotely might shift these curves as people move to lower-cost areas.
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