Covid 19 and its significant effects on American Real-estate market in 2020-2021
Covid-19 has not only affected the real estate, but the entire economy. The impact of covid-19 on the Californian real estate market has various dimensions. In the first place, it affects the construction sector, one of the most relevant in the USA economy. Therefore, everything that happens in the construction market will have a great impact on the unemployment rate of the American economy. And at this point we must not forget either the impact on the real estate development sector.
Second, home equity is a critical variable for economic policy. And this is not a trivial question, because, the wealth of the middle class depends almost entirely on the value of the house. In fact, in California, housing assets account for more than 45% of the gross wealth of families. Therefore, what happe...