COVID-19 and Its Effects on the North American Real Estate Markets

Abstract

The COVID-19 pandemic has affected businesses, supply chains, financial and real estate markets around the world. This case study takes a detailed look at the impacts that the COVID-19 pandemic has had on the real estate markets throughout North America (United States and Canada). An emphasis was made to look at different aspects of real estate markets, including how current conditions relate to previous housing bubbles and financial crises (e.g., the 2008 housing crisis), and what impacts will the current market situation have on lower to middle income classes. This case study also examined the condition of the real estate market as impacted by the COVID-19 pandemic and an outlook of how the current real estate markets may impact society and finances throughout North America into the future.