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【Bloomberg】What Will Happen to the U.S. Housing Market After the Pandemic?

【Bloomberg】What Will Happen to the U.S. Housing Market After the Pandemic?

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The booming housing market has been a bright spot for a U.S. economy shaken by the Covid-19 pandemic.

Despite mounting job losses and bankruptcies in industries battered by social distancing, home sales have been on fire across the U.S., with Americans racing to gobble up larger properties in the suburbs, with room for remote school and home offices.

The fuel has been historically low mortgages rates, which have been held down by the Federal Reserve’s efforts to stimulate the economy. After two decades when urban living was in vogue, the massive millennial generation is aging into homeownerhsip during quarantine and the intense demand for property has met record-low inventory in 2020 to send prices surging.

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