People Are Moving Back to Major Cities, Sotheby's CEO Says

The video discusses the current state of the real estate market, highlighting factors such as low interest rates, the impact of work-from-home trends, and the perception of residential properties as investment assets. It explores the dynamics of the high-end market, the resurgence of city living, and the preference for larger homes with amenities. The discussion also touches on speculative building and the potential for market recovery.

What factors are influencing the current real estate market according to Phillip White?

How has the perception of residential properties changed among Americans?

What role do low interest rates play in the real estate market?

What trends are being observed in the luxury real estate market?

In what ways are buyers' timelines for purchasing properties changing?

How has the pandemic affected the size of homes that people are purchasing?

What is the current trend regarding new home construction and land development?