10 real estate markets that have recovered the most since the pandemic - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The 10 US cities where real estate has recovered the most since the start of the coronavirus pandemic

found that more than half of the largest US metros have recovered from pandemic lows

"Housing tends to be immune from economic downturns and slowdowns,"Realtor.com's director of economic research, Javier Vivas, was quoted saying in a the report. "Right now we're seeing markets recover faster where they're able to contain the virus better. Markets with strong technology sectors have been more resilient."

To find the 10 markets that have improved the most, Realtor.com looked at the year-over-year growth of the of the median home asking price, the percentage of new listings coming online, the number of days on market that it took homes to sell, and online home search. To determine the level of improvement, the report compared the state of each market in January to the week ending July 18.

A market that scored 100% means it reached its level from prior to the pandemic. Any score over 100 shows market improvement that has surpassed pre-pandemic levels.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big cities need fewer cars, pedestrians regain control after pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon's Q2 2020 was its biggest online sales quarter ever due to the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Stock levels must be low.. economy is going to explode
Source: BusinessInsider - 🏆 729. / 51 Read more »