The majority of housing economists predicted a home price collapse as a result of the pandemic.
Back at the start of the global pandemic, when the rapid spread of COVID-19 forced the U.S. to all but slam shut, grave concerns emerged from a slew of leading figures across the housing economy about the vitality of the real estate marketplace. One top housing economist was so concerned by the potential fallout from the virus’ impact that he predicted the U.S. could see a “complete shutdown in the housing market. ” He was not alone in this level of thinking. The majority of housing economists predicted a home price collapse as a result of the pandemic.
However, in early 2020, Veros correctly predicted the residential real estate economy would remain resilient despite worries of a global pandemic
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