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Real estate expert: Housing market ‘still strong,’ not as much of a ‘frenzy’ for buyers

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Christie’s International Real Estate co-CEO Thad Wong joined 'Mornings with Maria' to provide insight into the U.S. housing market and buying second homes.

Christie’s International Real Estate co-CEO Thad Wong provides insight into the ‘strong’ housing market.

"There was a transition in the mindset during COVID where people wanted more space. They were appreciating their family and their time at home more… they enjoyed getting to a new location," Wong emphasized. "We did have [an] incredible thrust of [the] market and buying power, going to second home markets… that’s still going on."cities with tax benefitsChristie’s International Real Estate co-CEO Thad Wong told FOX Business that the housing market is ‘still strong.’

"From a state perspective, you are seeing movement, but you are seeing those replacement buyers that are still interested in being in cosmopolitan areas with sports teams, great food culture," he stressed.

 

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