Covid-19 May Not Hurt U.S. Housing Market

Surprisingly, in the time of this pandemic, the U.S. housing market is expected to remain a bright spot amid a very shaky economy.

According to the June 9-19 poll of over 40 housing strategists, house prices will rise 3.0% this year and next.

“Housing demand is coming back in dramatic fashion, with homebuilders in markets all around the country reporting a bounce-back in demand in May and June,” said Brad Hunter, managing director at real estate advisory firm RCLCO. “Price reductions will be mostly confined to the lower tranches of the market.”

And there was a good deal of consensus from these housing strategists. Over 60% of them believe that a return in U.S. housing activity to pre-COVID levels would be gradual.

Any good news is welcome during these stressful times.

Read on at:

Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.

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