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How Will the Pandemic Continue to Influence the Real Estate Market in 2024?

The COVID-19 pandemic has had a profound and lasting impact on the real estate market. As we look towards 2024, it’s clear that the effects of the pandemic will continue to shape the industry in various ways. This blog post explores how the ongoing influence of the pandemic is expected to manifest in the real estate market and what strategies professionals can employ to adapt and thrive.

Adapting to Changes in Demand for Real Estate

The pandemic has altered what people value in their living and working spaces. For residential real estate, there’s a noticeable shift towards homes with more space and amenities suitable for remote work and leisure. 

A hand holding a sticky note with "% In-Office % Remote HYBRID" written on it, over a keyboard, indicating a hybrid work model.

Commercially, there’s a growing demand for flexible workspaces that cater to hybrid work models. Real estate professionals need to adapt to these changing demands by identifying emerging trends and aligning their offerings accordingly.

Impact on Residential and Commercial Real Estate Assets

Residential real estate is likely to continue seeing a surge in suburban and rural properties’ popularity as remote work becomes more normalized. In contrast, commercial real estate may face challenges, particularly in sectors like retail and traditional office spaces. However, there could be growth in warehousing and logistics real estate due to the boom in e-commerce.

Role of Realtors and Real Estate Professionals in Pandemic Recovery

Real estate professionals have a crucial role in guiding clients through the market’s pandemic-induced complexities. This involves being well-informed about the latest market trends, health and safety regulations, and technological advancements. Providing virtual tours, digital transaction processes, and comprehensive online listings will be essential practices.

A person is browsing real estate listings on a laptop, with a coffee cup and stethoscope nearby, indicating a virtual house tour.

Commercial Real Estate Industry Response to Pandemic Challenges

The commercial real estate industry must respond innovatively to the challenges posed by the pandemic. This could involve repurposing office spaces for mixed-use developments, enhancing health and safety measures in buildings, and investing in properties that cater to the digital economy, like data centers and logistics facilities.

Employing Risk Mitigation Strategies for Real Estate Investments

Investors in real estate need to employ robust risk mitigation strategies to navigate the uncertain market landscape. Diversifying portfolios, conducting thorough market research, and staying agile in investment decisions are key to minimizing risks associated with pandemic-related market fluctuations.

Leveraging Real Estate Virtual Assistants from AllCloud VA in Pandemic Times

In adapting to the pandemic’s ongoing effects, real estate professionals can greatly benefit from hiring a real estate virtual assistant from AllCloud VA. These assistants can manage various tasks remotely, from client communication to market research, which is particularly valuable in a time when remote work is prevalent.

A cheerful man on the phone with documents and a laptop featuring the "AllCloud VA" logo, likely assisting a client.

AllCloud VA provides a unique service by assigning a dedicated Account Manager to each client. This manager oversees the virtual assistants, handling their attendance, payroll, and performance, ensuring they align with the realtor’s business objectives. 

In a market still reeling from pandemic effects, this support is invaluable in maintaining business continuity and maximizing ROI in virtual assistant investments, allowing realtors to focus on adapting to market changes and serving their clients effectively.

In conclusion, the real estate market in 2024 will undoubtedly continue to feel the effects of the pandemic. By understanding these impacts and employing effective strategies, including the use of virtual assistants from AllCloud VA, real estate professionals can navigate these challenges successfully.

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Wena Satterthwaite

Wena was a licensed real estate broker and very successful in managing agents for real estate developers in the Philippines before she moved to the US almost a decade ago. She expanded her experience when she joined her husband, Jon, in managing their rental properties and marketing their locally-based home inspection company. 

She likes helping people achieve both their business pursuits and personal dreams. It gives her a sense of fulfillment and contentment knowing that she has helped change a chapter in their lives.

A grandma who spoils her growing number of grandkids, she is also a doting dog-mama to Batman. Her husband and family love her Filipino food while learning about her home country’s culture. Mano po!

Crystal Satterthwaite

Crystal started her career in accounting as the Accounts Receivables/Payables in-charge with a telecommunications company over a decade ago. Right after she married her husband, Jason, she became the financial controller of their family-owned home inspection company in Indianapolis. 

A mom of 2 beautiful girls, Crystal loves the outdoors and going on camping trips with the family is always a must during summer time. She is also known to volunteer every time her children participate in their school plays and field trips. 

Apart from enjoying her family time, she has been actively helping her older sisters in their home improvement projects since she was 15 years old.


Jack Huerta

In 2014, Jack commenced his career as a remote worker and has since excelled as a virtual assistant in real estate, as well as an agent recruiter, trainer, and manager.

With nearly a decade of experience in the field, he has consistently demonstrated his prowess and dedication. Jack’s journey has been marked by successful ventures across various sectors, notably in real estate, recruitment, sales, and investments. 

His dynamic professional demeanor, complemented by a diverse skill set, underscores his unwavering commitment to achieving excellence in every endeavor.

Outside of his professional pursuits, Jack derives satisfaction from simple pleasures such as reading, meditation, and maintaining an active lifestyle at the gym.

Jai Tadeo

Jai’s 13-year expertise spans project management and marketing. Her LEAN Six Sigma Certification underscores her commitment to operational excellence. Over the years, Jai has been instrumental in building and nurturing teams across diverse industries including digital marketing, travel, e-commerce, and IT. Outside work, Jai is a passionate animal lover, sharing her home with six cats and two dogs. Road trips with her husband are her favorite getaways, and she has a soft spot for buffet breakfasts. Jai seamlessly integrates her passion and professionalism, making her an invaluable asset to the AllCloud VA team.

Mike Vallar

Mike fell in love with computers at an early age. Using the iconic Apple II, he developed his first game using the Basic Language.

His passion for computers was further piqued when the Internet arrived at the scene. He was one of the first proponents of LAN-based Internet for offices, using just a dial-up modem.

Today, Mike enjoys his work as a Full Stack Developer, specializing in Wordpress.

He is also an avid chess player, competing in tournaments and playing games daily with his international friends.

In his spare time, Mike likes to sing Don Moen songs while accompanying himself on the piano 

Diana Rose Cabillo

In 2014, Diana embarked on her sales and marketing journey, thriving in
the field for over a decade. 

Venturing into freelancing in 2018, she successfully navigated through diverse industries, excelling in real estate, digital marketing, and dental healthcare.  

Diana’s dynamic professional approach, coupled with a versatile skill set, reflects her commitment to driving success in every project.

Beyond work, she finds joy in simple pleasures like reading, Freediving,
and staying active in the gym. As a proud Furmom, she expanded her skill
set in 2021 by diving into crafting and sewing, transforming it into a
meaningful and enjoyable hobby.

Jon Satterthwaite

Jon became a REALTOR in 1979 and purchased his first rental property in 1980 and has become a real estate investor ever since. In the 80s, The rent to own term was used solely for furniture rental business. Before 2000, flips were only something you do with pancakes. Jon navigated the real estate investment world using these techniques before these phrases were coined. In 2006 he started AllCheck Inspections with his son, Jason and opened a school for would-be licensed home inspectors a year after. 

Finally, Jon’s real estate experience and his relationship with realtors over the years inspired him to think of ways to help them increase their business. Time seems to be their most depleted source in building up a solid foundation  in their professional practice and growing their network of clients and adding members of their teams. Hence, Jon’s main goal is GIVE THEIR TIME BACK.

Married to a Filipina himself, he is a proud “Grammpa” to his 4 grandkids who still don’t mind hanging out with him as they are growing so fast!