How Working From Home Could Change House-Buying Behavior: Northpointe Bank’s Levesque LIVE
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How Working From Home Could Change House-Buying Behavior: Northpointe Bank’s Levesque LIVE
Levesque spoke to recent reports that now, some people are looking to buy houses with extra bedrooms for home offices.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST“As a nation and corporations learn from this, and from the activity that happens because of the pandemic, because so many people are forced to work from home, I think it’s causing us to realize that a lot of the things we had done in person don’t need to be done, and a lot of corporations are looking at their workforce productivity in some cases increase at home,” said Levesque.
“So it makes sense — right now a lot of people are working from home, from their kitchen tables, but if it’s going to be more of a permanent thing to create some sort of oasis and some area that is separate, you know, from the living room, the kitchen so the concentration level can be high,” he added.
Commercial to Residential?
Levesque also talked about how the coronavirus crisis could see an increase of vacant commercial property — which in turn could become residential.
“It’s interesting to see what’s going to happen with the commercial market — we’re really going to have to see how much of an exodus there is from the workplace to people working remotely,” said Levesque.
“We’ve talked about the inventory shortage in Rhode Island and even in Southeastern Massachusetts — it’s going to be interesting to see what happens if all of a sudden there’s a lot of inventory.”
Levesque joins GoLocal LIVE every week as part of a content partnership.