The US real estate market, which has been an important part of economic development, was severely affected by the New Crown epidemic. Lockdowns and restrictions were imposed in many cities during the epidemic, which had a profound impact on the real estate market. Home prices, sales volumes, construction activity, and homebuyer preferences all changed.

First, the outbreak led U.S. homebuyers to reassess their housing needs. Due to the rise of telecommuting and online learning, many people began to pay more attention to the comfort, functionality, and flexibility of their housing spaces. This led to a rethinking of housing types and geographic locations, with, for example, demand for suburban properties increasing and demand for city centre flats declining.

Secondly, the economic uncertainty during the epidemic caused some home buyers to postpone their plans to purchase a home, especially those households that were affected by the economy. This led to a drop in the number of transactions in the property market and also prompted some homeowners to temporarily halt their plans to sell their properties.

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Thirdly, construction activities were also affected. During the epidemic, many construction projects were delayed or put on hold, which led to a reduction in housing supply. Although construction activity has gradually resumed in some areas, the overall supply of new homes remains under some degree of pressure.

However, recent data show some positive signs. With the gradual easing of epidemic control measures, the property market is beginning to show signs of recovery. Prices in some cities have rebounded, sales have gradually picked up, and some areas have even seen an increase in the supply of new homes.

In addition, relevant government policies have also played a supportive role in stabilising the property market. Some local governments have introduced policies to encourage home purchases, such as providing subsidies or lowering taxes on home purchases, which have helped to stimulate home buyers' willingness to purchase.