Which housing markets have been most vulnerable to COVID?

He added that there could still be further increases in house prices, now that there was evidence that the pandemic had started to recede last month and that the economy was also expanding.

However, the report warned that the shadow of the pandemic “remains a threat to the economy and the housing market” with the onset of winter, noting that “nearly half of the U.S. population is still not vaccinated “.

Todd Teta, product director of ATTOM, said that although he believed the pandemic “could finally make history books”, citing the significant drop in the number of cases over the past month, the virus constituted still a significant threat to the economy, “with some housing markets in pockets of the country remaining more at risk than others.”

He added: “It is important to stress that this does not mean that an area faces imminent danger, especially since the housing market has avoided major problems during the pandemic. On the contrary, some are more at risk than others.

In separate data, according to the just released S&P CoreLogic Case-Shiller Indices, house prices rose 19.8% year-on-year in August, maintaining the same level as the previous month, although ‘Here too, the data suggests “that housing price growth, while still very strong, may start to slow.”

About Teresa G. Wilson

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