More Real Estate - Seven ways COVID changed housing trends
Four years on from when the World Health Organisation declared COVID-19 a worldwide pandemic, CoreLogic research director Tim Lawless has revealed seven ways COVID changed housing
Seven ways COVID changed housing trends
Four years on from when the World Health Organisation declared COVID-19 a worldwide pandemic, CoreLogic research director Tim Lawless has revealed seven ways COVID changed housing trends.
It was four years ago when the World Health Organisation declared COVID-19 a worldwide pandemic. Since that time economic trends, including housing metrics, have been on a roller coaster ride. Although lockdowns and the uncertainty of vaccination programs are well behind us, the legacy of COVID will be with us for a long time yet.
This report provides a retrospective of seven housing and peripheral economic and demographic trends through the pandemic to-date.
1. Housing values have surged since the onset of COVID. CoreLogic’s national Home Value Index (HVI) surged 32.5% between March 2020 and February 2024, adding approximately $188,000 to the median value of an Australian dwelling.
Credit - CoreLogic
Originally published by morerealestate.com.au. Republished with credit to the original author and photographers.