Real estate will remain attractive safe asset class in foreseeable future
November 26, 2020
According to today’s Barrons article https://www.barrons.com/articles/new-home-sales-are-still-ultrahigh-properties-are-scarce-51606335751?st=igt5c1l4budqlxy
* Demand for homes far outstrip supply
* New-home sales high but low supply with only 3.3 months inventory
* Only 44,000 homes in USA were ready for occupants in October
While article does not break out type of housing, I imagine the supply constraint is most severe in B/C class workforce housing less A or luxury.
Those of us in the business can continue to generate great returns, pandemic / recession or boom, as everyone still needs a place to live.