flexiblefullpage - default
Currently Reading

Top 6 Cities That May See Home-Price Growth Post-Coronavirus

Advertisement
billboard - default

Top 6 Cities That May See Home-Price Growth Post-Coronavirus


April 7, 2020
Boise Idaho
By Rob

Before the coronavirus pandemic, just 1 percent of all markets could anticipate home value depreciation. Now, one-tenth of them may face decreasing home prices, according to Veros Real Estate Solutions. Despite this sobering reminder of how the pandemic froze what would have been a bustling spring for real estate, Veros predicts that some cities will continue to see strong growth, particularly in the West. See how the coronavirus may impact your city’s home-price growth. 

With spiking unemployment and financial uncertainty looming, home prices are expected to grow at half the rate that was projected before the COVID-19 outbreak, according to Veros Real Estate Solutions.

Among the 100 largest housing markets in the country, Veros expects a 1.9% average annual appreciation rate through the first quarter of 2021. In early March, the real estate valuator projected a rate of 3.9% through the end of 2020, given that housing appreciation showed signs of flattening compared to the past few years and the COVID-19 outbreak had already started to stifle home buying. The new, lower projection takes into account rising unemployment and a falling GDP.

Read More

 

Related Stories

Market Data + Trends

The Biggest Hurdle for Housing Is Seller Hesitation, Experts Say

Elevated borrowing costs are currently affecting both homebuyers and sellers, with buyers hesitant to spend and sellers unwilling to list and sacrifice the lower rates they've locked in on their current homes

Government + Policy

Bipartisan House Bill Aims to Incentivize Home Selling

The More Homes on the Market Act seeks to amend the sales gain tax exclusion to bring more homes into the for-sale market

Market Data + Trends

A New Normal? Why Experts Are Calling Today’s Housing Market an ‘Ice Age'

The housing market is going through a deep freeze as elevated interest rates keep sellers on the sidelines and send available housing inventory to new lows

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category



Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.