The U.S. Census Bureau recently released new data that sheds light on how the pandemic has affected the real estate industry. The numbers reveal a landscape significantly changed from pre-pandemic states, with certain sectors of real estate faring better than others.
This data showcases the effects that the pandemic had on an industry that was so heavily impacted by it. Home-building and sales have seen a decrease in activity from pre-pandemic levels, while landlords and property managers report a strong increase in demand. This highlights the shift in the real estate industry towards rental properties in the current market.
The most important elements from the text include:
• Home-building and sales experiencing a decrease in activity compared to pre-pandemic levels
• An increase in demand for rental properties in the current market
• A notable shift in the real estate industry towards rental properties
You can read this full article at: https://www.housingwire.com/articles/datadigest-new-data-shows-how-brokerages-homebuilders-landlords-others-were-reshaped-by-the-pandemic/(subscription required)
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