Covid-19 Can Have a Profound Positive Impact on the U.S. Housing Market

During the outbreak of the coronavirus the U.S. rental property market is obviously lacking foreign investors. As you can see, Covid-19 has already become the global pandemic. That’s why investors will most likely think twice before to put their money into assets. So, it’s hard to predict what will happen to stocks in the future.

It goes without saying that investors will do their best to minimize their risks during the times of the corona virus outbreak. At this period of time they are likely to decide to focus on safe assets like gold and real estate.

It’s worth noting that more and more foreign investors have an interest in the U.S. housing market these days. According to the opinion of Roofstock CEO, Gary Beasley, the number of investors from Asia, who are interested in the U.S. housing market, has increased significantly. The statistics shows that the traffic from Asia has increased by 500% these days.

Investors from Germany have a huge interest in the U.S. property market as well. The traffic from Germany has increased by 450%.

The same can be said about other countries. A lot of investors from Australia and the United Kingdom would like to put their money into the U.S. property market now as well.

More and more people believe that the U.S. housing market is the right place to invest their money in during the outbreak of the corona virus. The big question is – what makes the U.S. housing market so safe investment option. Let’s try to get the answer to this question right now.

It’s important to point out that the US government was well prepared for the spread of the virus from the very beginning. The US government took all the necessary actions to stop the corona virus from spreading in America. Most of you probably remember that the president of the United States, Donald Trump, banned all travels from China to the United States in January 2020. According to the Trump’s point of view, this decision helped the US government stop the virus from spreading and save many lives in America.

There is no doubt that the president Trump’s decision to ban travels from China played a very important role in slowing the spread of the coronavirus in the United States.

The government of the United Stated has demonstrated that they are ready to do every single thing possible to keep Americans safe. And of course, these actions positively affected different business sectors in the United States of America and real estate sector is no exception.   

As you probably know, the coronavirus has affected people in different parts of the United States. Nevertheless, the situation with the outbreak of the virus is under control in the U.S. right now and the country is fighting COVID-19 pretty well. And of course, all of this gives the foreign investors the hope that the U.S. property market is a good investment option.

It’s important to note that COVID-19 is some kind of a test for the U.S. real estate market and many other real estate markets these days. If the country’s real estate market is doing well during the times of corona virus outbreak, then it’s worth considering.   

The president Trump’s China travel ban has helped the US housing market recover from the crisis created by the outbreak of the corona virus much faster.

Today, builders in the United States experience some difficulties due to the coronavirus outbreak. They find it hard to purchase construction materials which are supplied from China. That’s why the cost of building materials has become much higher during the outbreak of the coronavirus.  

Nevertheless, there is a good piece of news for people, who work in the US construction industry. China has already stopped the spread of the virus and the manufacturers of building materials continued working. All of this means that the supplies of building materials will be resumed in the nearest future.

Another important thing that you need to be aware of is the mortgage rates lowered significantly due to the outbreak of the coronavirus. Lower mortgage rates make it easy for US residents to buy properties in the United States of America. It’s pretty clear that Covid-19 has a positive impact on the U.S. housing market.  

A lot of US residents still find it difficult to sell their properties due to Covid-19. Contact us today if you would like to sell your property fast. At Candid Property Solutions, we buy properties in any condition for cash quickly!