October 19, 2021
Real Estate

Analysts say pandemic contributed to housing boom – Cache Valley Daily

Census and housing industry analysts say that the coronavirus pandemic contributed to a boom in the U.S. housing market nationwide.

WASHINGTON, D.C. – Despite having come to a screeching halt in March of 2020, recent joint analysis by the U.S. Census Bureau and the real estate clearinghouse Zillow has revealed that the American housing market ultimately benefited from the coronavirus pandemic.

One unexpected consequence of the COVID-19 outbreak was that working from home gave 2 million renters the freedom to purchase homes for the first time, according to Earline K. P. Dowell, a program analyst in the Economic Management Division of the Census Bureau.


Read full article here: cachevalleydaily.com