Interactive Map: US Housing Markets at Highest Risk in COVID-19
US housing market after the corona virus. The Florida area has the highest risk of falling prices and on the other hand Texas has the lowest chance of being hit.
Interesting article.
Interactive Map: US Housing Markets at Highest Risk in COVID-19
COVID-19 will surely impact real estate, as it has all areas of finance. However, real estate is inherently local. Some markets will get hit hard, while others will feel no pinch whatsoever. So, which markets will see drops in home prices? ATTOM Data Solutions is out with a new report.
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Ariel Zvuluni
Banks have tightened the conditions for a single-family mortgage, requiring more parameters for obtaining a mortgage.
This in itself removes a lot of buyers from the market as well as over 30 million unemployed
As long as there is no vaccine, returning to routine is not a complete routine.
When children are not studying one of the parents stays at home.
Not every parent can work remotely…
Income goes down.
Therefore the market will make adjustments between 2-10 months and see what really happens with the prices.
In the short term medium decline.
Only a vaccine can stop and improve the situation in the short term.
The article overemphasizes the current price, and whether it is too high relative to others. Certainly when everything goes down, then with the more expensive it will be more noticeable. It also happens within the same city between cheap and expensive properties. What is not emphasized here (and noted) are the reasons why prices are higher… and this is demand, and the demand stems from a relative advantage that the area has. The implication, as always, is that it may have declined more than other areas, but in economic recovery the viability will remain in their favor.
Florida has always been at the top of these lists along with Las Vegas
Ever since the Jewish guy left there, they've been pumping nonsense
Texas is going to close half of the oil wells, is there going to be a happy name ..?
Ram Avraham
Tal Nahmany texas strong
Sagi Ratzabi
I read everything -
I think it's pretty superficial.
The most important parameter that will determine whether a market will go into a deep recession is unemployment!
This is a forced recession that is not due to financial negligence as in 2008 -
When there is no work - no money - no mortgage / rent payment -
Some cities are based on one major economy -
Detroit and the Automotive Industry in its heyday -
And there are more diverse cities in terms of occupational nature -
A. Jacksonville and over 22 different types of factories and industries -
The secret lies in occupational diversity -
Tourism and airlines will return later from an accountant or attorney for example.
time will tell.