"Amid the booming real estate in Corona, US landlords earned 1,000 trillion won."

CNBC broadcast on the 10th (local time) reported that the new coronavirus infection (Corona 19) pandemic caused a boom in the housing market in the United States, and landlords sat down to earn $1 trillion (about 189 trillion won). According to Core Logic, a U.S. financial and real estate information provider, the price of real estate in the U.S. owned by landlords with remaining mortgage loans soared 10.8% over the past year. The total value of real estate increased by this amounted to $1 trillion. An average of $17,000 per landlord (about 18.5 million won) has increased in assets, recording the largest increase in the last six years. By region, Washington (average $35,800), California (average $33,000), and Massachusetts (average $31,200) saw a larger increase in home prices than other states.

 

Core Logic's chief economist Frank Nossaf said, "The strong increase in home prices over the past year has created record-breaking home assets for homeowners." It was announced that it was a thousand dollars (about 210 million won). The reason for the rapid rise in housing prices in the U.S. can be attributed to the strong demand for housing while the supply is scarce. It is an analysis that home work and remote classes are spreading due to the Corona 19 pandemic, and the entry of millennials into the age range to prepare houses has increased demand for housing. The mortgage loan interest rate, which is setting a record low every day, is one of the reasons for the housing market boom.

 

However, there is also a prospect that the housing boom will lose momentum next year, CNBC said. Matthew Pointon, an asset economist at Capital Economics, said, "Housing sales will decline in 2021 as demand, which had been suppressed since last spring, has erupted significantly, mortgage rates are difficult to lower, and the escape procession for large cities (in the beginning of the pandemic) is shrinking." "There are also strict loan terms, so the current boom will not last long," he said.