Housing supply shortage vs Covid-19
I believe the dramatic rise in unemployment due to the Covid-19 shutdown will cause residential real estate prices to go down considerably. I am considering selling a rental to have cash on hand to buy back in at reduced prices.
The one economic indicator that makes me question a drop in prices is the housing supply shortage. I found the following article on the Freddie Mac website to have some interesting state by state statistics. http://www.freddiemac.com/research/insight/20200227-the-housing-supply-shortage.page?
In areas with housing shortages, which direction do you see residential real estate prices going?
All the best,
Ben
Most Popular Reply
@Taylor L. Agreed, but taking out a second wave we are still on the brink of a depression in my opinion. With Government Debt on an all time high, eventual hyperinflation etc. it doesn't look good for the next 5 years. Later today I will write a post, addressing these Issues. I will post the link below!
Stay healthy and safe
Alexander Roeschmann