COVID-19 economy compared to Hong Kong '03 SARS Pandemic


Photo by John Guccione www.advergroup.com from Pexels
The COVID-19 pandemic has closed down enormous swaths of the country's economy, influencing the everyday existences of a great many family units. Housing markets, as almost every division of the economy, won't be saved. Interest for lodging will probably mollify as joblessness develops and family unit salaries decay. Additionally, many homes have just been pulled off the market, influencing both potential purchasers and merchants. Less lodging units will likewise be created for the time being, perhaps affecting lodging reasonableness as time goes on.
Regardless, the pace of employment misfortunes in the US is exceptional in the post-war time. The nearest matches are likely other worldwide pandemics. As per an examination from Zillow, following the SARS episode in Hong Kong in February 2003, home deals fell 33 percent underneath anticipated levels by May. Nonetheless, exchanges (just as joblessness) recouped to ordinary by July of that year, when the infection had to a great extent been contained. Be that as it may, that arrival to relative commonality relied to a great extent upon regulation of the infection.

Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

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