WHEN WILL THE U.S. HOUSING MARKET RETURN?

The question is much simpler than the answer. The pandemic has taken a toll on the U.S. housing market bringing it to a near stand-still. It is true some sellers and buyers are completing deals, but not to the pre-pandemic volume.

WHAT NEEDS TO TAKE PLACE?

There are three key “events” that need to take place before seeing the U.S. housing Market return to pre-pandemic days.

1.  A marked reduction in the number of individuals infected with the virus enabling people to resume  "normal daily activities" and interactions.

2.  A jump-start of the American economy over two quarters including re-employment and increased productivity in manufacturing and service sectors.

3.  Steady reduction of unemployment levels over the same two quarters focused on getting Americans back to work.

HOUSING MARKET EBB AND FLOW

The housing market never really comes to a total and complete stop. Like a river, it ebbs and flows in the current of America’s economy. Movement may be nothing more than a trickle, but it is still moving and there are properties to be bought and sold all the time.

For some it may appear things are moving too slow, but remember, the American economy is like a huge boulder that needs to gain momentum before it sees significant progress.  Once it gains traction its ability to grow is unlimited.