The housing market is an important indicator of economic health, and the recent COVID-19 pandemic has put a strain on many markets around the world. Glenhawk, a real estate analytics firm, has conducted an analysis of housing market resilience during this time, and identified warning signs that could indicate potential trouble in the future.
Glenhawk’s analysis looked at the performance of housing markets in the US and UK during the pandemic. In both countries, the housing market has been resilient, with prices remaining stable and even increasing in some areas. This is likely due to the fact that people are still looking to buy homes, either as a primary residence or as an investment.
However, Glenhawk also identified some warning signs that could indicate potential trouble in the future. These include a decrease in the number of new listings, a decrease in the number of buyers, and an increase in the number of distressed sales. These trends could indicate that the market is becoming less resilient and could be headed for a downturn.
Glenhawk also identified some areas where the housing market is particularly vulnerable. These include areas with high unemployment rates, areas with high levels of foreclosures, and areas with high levels of debt. These areas are more likely to experience a downturn in the housing market if economic conditions worsen.
Overall, Glenhawk’s analysis of housing market resilience during the pandemic has identified both positive and negative trends. While the market has been resilient overall, there are warning signs that could indicate potential trouble in the future. It is important for investors and homeowners to be aware of these warning signs and take steps to protect themselves if necessary.