Pandemic-related Impacts on Housing Market

Will the Housing Market still Perform Conspicuously during the Pandemic?

DOI

10.2991/aebmr.k.220307.382How to use a DOI?

Keywords

Real Estate; Price Fluctuation; People’s Response; Market Prediction

Abstract

Globally, there are almost no countries unaffected by the pandemic. As governments struggle with new lockdown measures to combat the spread of the virus, the economies have to pay the price. The real estate cannot escape from this damage. This article explores why and what housing market is influenced by the declining backdrop of economies and unveils how people react to this dramatic change. Unmatched demand and supply bring about that housing prices are dragged to a sky-high level, and the relationship between home buyers and sellers becomes imbalanced. Based on the analysis, housing investors can predict the future trend: factors, such as mortgage rates, that increase the demand for housing will be less significant in 2-3 years; the accelerated construction process will spur the supply to grow in order to meet the housing demand. This study also includes uncounted viewpoints from experts and technical data. It should be suggested that people can get the advice about what is happening and going to happen after reading it.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Kuan Yan
PY  - 2022
DA  - 2022/03/26
TI  - Pandemic-related Impacts on Housing Market
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2345
EP  - 2350
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.382
DO  - 10.2991/aebmr.k.220307.382
ID  - Yan2022
ER  -