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How COVID is Impacting the Housing Market

As we near the end of 2020, the CB team has naturally been reflecting on what a crazy year it’s been. Like all of you, we’ve had to pretty drastically change our habits, our behaviors, and our social lives in response to the COVID-19 pandemic. COVID has impacted nearly everything that we do from buying groceries (don’t forget the T.P.), going to work, and even housing. We’ve gathered some articles that we’ve found especially interesting and informational in relation to housing in the West during the pandemic.

As you read through these articles, you’ll probably notice a theme- people are flocking to smaller communities from more densely populated urban areas. This in turn is putting stress on many housing markets that were already stretched pretty thin pre-COVID.

Additionally, instead of home values staying stagnant or dropping due to the pandemic as was initially predicted, we’ve actually seen quite the opposite. Only time will tell whether these trends continue or if it’s another effect of the crazy times we’re living in.

Why Colorado’s Housing Market Looks Hot Even Though Coronavirus is Ravaging the County

The Colorado Sun

Read Here

Boom Town – Amenity Migration in the Rural West & the Rise of the “Zoom Town”

Utah State University’s Gateway & Natural Amenity Region (GNAR) Initiative

Read Here

Zoom Towns – Why Your Last Vacation Getaway May Be Your Next Home

Forbes

Read Here

Zoom Towns And The New Housing Market For The 2 Americas

NPR

Read Here

Why Colorado’s Housing Market Looks So Hot Even Through Coronavirus is Ravaging the Economy

The Colorado Sun

Read Here

The New York Times: Pandemic Crowds Bring ‘Rivergeddon’ to Montana’s Rivers.

New York Times

Read Here

7 Findings on COVID-19’s Impact on Housing

Habitat for Humanity

Read Here

*This blog was produced for Day 7 of the 12 Days of Housing. To access content from this holiday housing campaign, click here.

  • Housing

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