Has Coronavirus affected your investments? With the instability of the market right now, you may be questioning what to do with your money. Economists are always trying to predict what the recovery will look like after downturns, but this one isn’t like anything we’ve seen before. One industry that came out on top has been housing, and it’s a great time to begin or expand your investments into stable economic regions.
Economic Shapes
Alphabet economics has been at the front of news cycles all year with Coronavirus putting the economy into a state of chaos. In the past, economists were able to describe economic downturns and rebounds using letters like “U”, “V”, and “W”, but COVID-19 has changed how we describe shifts in the market. New shapes have been identified such as “The Swoosh” and “The Reverse Square Root.” So what do these trends have to do with the housing market and rents in suburban areas?
Housing Market
As millions of American homes and families continue to struggle to make ends meet, real estate companies have seemed to be immune to COVID-19. Homes in suburban areas are full and the waiting list of people looking for larger spaces is growing. As more and more people adjust to lives that revolve around their homes, they see a need for more space outside of metropolitan areas. This shift in consumer behavior has led to a real estate boom, in which there aren’t enough homes to meet the demand and rising rent prices. While the COVID-19 vaccine may be closer than we think, the demand for homes with more space doesn’t seem to be slowing down. Professionals who have been working from home almost the entire year, have increased savings, and seem to be looking for more space.
As economists struggle to predict what the future has in store for us, one thing is for sure: the housing market is a strong bet. In the midst of uncertainty, one thing that remained constant was the need for space for families and professionals. If you’re looking for a viable investment, get in touch with a member of our WiscoTurnkey team to discuss profitable rentals in Wisconsin.
Contact us here
