Commentary

California ’s “ COVID-19 Statewide Update” indicates that the 14-day moving average of the price of positive COVID-19 analysis tests is now at a record-low level, at 3. six percent.

The state target will be 8 percent.

Many general public health officials believe that the particular percentage of positive check results is a leading signal of whether the number of cases will probably increase or decrease in following weeks.

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The particular percentage of positive check results for COVID-19 within California is at an all period low, at 3. six percent, as of Sept. sixteen, 2020. (Tableau Public for that State of California)

If the incidence associated with COVID-19 in the community is actually heading down, there will be many ramifications, certainly one of which is that school areas will be allowed to reopen their particular facilities to in-person instructions. If many school zones choose to reopen their institutions to in-person instruction, that could allow the strange, bizarre, upside-down homebuying season of 2020 to finally wind straight down.

Currently, families are still searching for larger homes, to assist in at-home instruction in the exact same place while older loved ones are seeking to work from home. This example perfectly coincides with families’ exodus from higher-density areas where there may have been some stress and anxiety about being able to implement interpersonal distancing.

These phenomena amongst home buyers, along with house sellers not putting their particular houses on the market, has resulted in a very tight market, noticeable by quickly rising house prices in Orange, San Bernardino, and Riverside areas.

The home-buying season, also this year, was likely to slower as Thanksgiving approaches; households generally don’t want to shift during the fall and winter season holiday season.

But changing educational institutions may have seemed less distressing with students not doing a live setting with their friends at school.

The truly amazing news regarding public wellness might change some of those characteristics.

Of course , among homeowners who else might otherwise be inspired to sell properties, if renters deferring rent can’t become evicted or if the proprietor is in mortgage forbearance due to the pandemic, then those proprietors still won’t be able to market. And many people may nevertheless seek larger homes obtainable in less-densely populated suburbs, particularly if their workplaces continue to permit working from home.

Tim Shaler is a professional investor plus economist based in Southern Ca. He is a regular columnist for that Epoch Times, where he solely provides some of his first economic analysis.

Sights expressed in this article are the views of the author and do not always reflect the views from the Epoch Times.