☰
HomeLiving Beyond BordersGZERO WorldSignalIn 60 SecondsPuppet RegimeGZERO World PodcastContact UsAbout UsCareersPrivacy PolicyTerms

What COVID-19 has meant for home sales & prices

June 10, 2020
GZERO Media
Betty Liu Explains: What COVID-19 Has Meant for Home Sales & Prices | Money In :60 | GZERO Media

youtu.be

Betty Liu, Executive Vice Chairman for NYSE Group, explains:

How has the housing market reacted to the COVID-19 pandemic?

So, as you can well imagine, when stay-at-home orders are put in place, the housing market just dried up. Sales fell dramatically. Existing home sales in the month of April dropped nearly 18%. However, home prices actually continue to still rise. The median price for an existing home in the United States was $286,000. That was a rise of 7.4% from April of 2019.

Why haven't we seen home prices drop due to all this economic uncertainty?

So, as I mentioned, demand fell sharply for houses, existing houses in the United States during this COVID pandemic. And you don't need an economics degree to know that when demand falls, that means prices drop as well. But that didn't happen this time around. And the reason is because supply also fell as well. So, that basically left the supply-demand relationship unchanged.

More from GZERO Media

The new redistricting arms race

Supporters greet the Democratic lawmakers who left the state to deny Republicans quorum, as they return to the House, as the attempt to redraw the state's 38 congressional districts continues, at the Texas State Capitol, in Austin, Texas, U.S. August 18, 2025.
REUTERS/Nuri Vallbona

Today, Texas’s legislature could hand Republicans five new congressional seats – and set off a red hot redistricting battle ahead of the 2026 midterms.

Microsoft’s Environmental Sustainability Report 2025

Microsoft

Five years ago, Microsoft set bold 2030 sustainability goals: to become carbon negative, water positive, and zero waste—all while protecting ecosystems. That commitment remains—but the world has changed, technology has evolved, and the urgency of the climate crisis has only grown. This summer, Microsoft launched the 2025 Environmental Sustainability Report, offering a comprehensive look at the journey so far, and how Microsoft plans to accelerate progress. You can read the report here.

Hard Numbers: Armenia reaffirms ties with Iran, Congo and M23 rebels miss peace deadline, Lesotho looks for new markets, and Trump takes aim at mail-in ballots

Armenian Prime Minister Nikol Pashinyan and Iranian President Masoud Pezeshkian shake hands as they meet with the media to make a joint statement following their talks in Yerevan, Armenia, August 19, 2025.
Hayk Baghdasaryan/Photolure via REUTERS

$3 billion: Armenia and Iran pledged to triple bilateral trade to $3 billion this week, just days after Yerevan inked a US-brokered peace deal with Azerbaijan.

About UsCareers PressContact Us Privacy PolicyTerms of Use
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.