Spring's Missing Home Sales Will be Added to Coming Years.
Coronavirus brought fewer home transactions during the prime home buying season. Experts say they're not lost for good, and will be spread over several years.
- In a survey of 106 economists and real estate experts conducted by Pulsenomics and Zillow, 41% of panelists expect the U.S. recovery will follow a 'U' shape, with the recession lasting several quarters before returning to growth.
- Once the pandemic begins to subside, experts agree, there will be an increase in demand for suburban and rural living.
- On average, panelists expect home values to decrease 0.3% in 2020, a sharp decline from expected growth of 3.3% when surveyed three months before.
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