The start of 2022 comes with a fresh reminder that the coronavirus pandemic is still evolving with the emergence of the omicron variant. COVID-19 continues to be a disruptive force in public health and the economy. It came as a surprise to some that the pandemic, rather than send the U.S. housing market into a […]
The historic combination of factors that produced soaring U.S. home prices and a hyper-competitive real estate landscape during the coronavirus pandemic will become a case study for the ages in the years to come. Homeowners who managed to sell at a significant markup may have seen their fortunes dramatically change for the better, making good […]
One of the far-ranging effects of a supply shortage for would-be homebuyers in the United States is that more and more people who are priced out of home ownership are left instead to rent. Even before the pandemic, large cities in the U.S. had been anticipating growth in rental demand by building new multifamily properties […]
The starkest months of the coronavirus pandemic presented a sobering view of commercial real estate in the United States, with plummeting values across lynchpin sectors such as office buildings, hotels and malls that historically have been key investment properties. Other sectors saw significant growth during 2020 that was directly driven by the realities of such […]
Has it become too difficult for the average U.S. homebuyer to find and afford a property? As we reach the final stretch of 2021, we now have roughly 18 months of data and experience on how the coronavirus pandemic has changed housing markets across the country. The biggest takeaway is that home prices have accelerated […]
Years from now, when economists look back at the various impacts of the coronavirus pandemic, it may turn out that the most consequential shift will be the expansion of work-from-home policies and the way they change how we organize our lives. One of the most obvious fallouts of remote work is that commercial office space […]
Home prices in the United States have been on an upward tear over the past year and change, a trend driven by high demand for houses, stiff competition among buyers and a limited supply of properties. Newly released data from Redfin shows the national median home sale price increased 16% year over year to $361,225. […]
One of the defining features of the surging U.S. housing market during the coronavirus pandemic has been the commonality of bidding wars for homes. The trend has contributed to the staggering rate of home price increases across the country, where the nationwide median single-family existing-home sales price climbed a record 22.9% during the second quarter […]
Any assessment of the U.S. housing market over the past year and change would be remiss to leave out the unique circumstances created by the coronavirus pandemic. Soaring prices, voracious demand and sustained low interest rates have not been such powerful market forces in a vacuum. They reflect the period we’ve been living through, one […]
The frenzied state of the U.S. real estate market has been subject to analysis from practically every angle, from the rise of vacation homes in Florida to the allure of low interest rates. We’re experiencing an unusually supercharged market in the context of a pandemic that has only served to grease its wheels as buyers […]
