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Maharashtra is a hotspot that accounts for nearly 22.35% of the total cases in India as well as about 30.55% of all deaths. [1] [2] As of 10 May 2021, the state's case fatality rate is nearly 1.49%. [3] Pune is the worst-affected city in Maharashtra, with about 930,809 cases as of 10 May 2021. [4]
The economic impact of the COVID-19 pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy.
Real estate bubbles are invariably followed by severe price decreases (also known as a house price crash) that can result in many owners holding mortgages that exceed the value of their homes. [ 32 ] 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at December 31, 2010. [ 33 ]
The first cases of COVID-19 in India were reported on 30 January 2020 in three towns of Kerala, among three Indian medical students who had returned from Wuhan, the epicenter of the pandemic. [ 10 ] [ 11 ] [ 12 ] Lockdowns were announced in Kerala on 23 March, and in the rest of the country on 25 March.
The U.S. housing market had finally started slowing in late 2022, and home prices seemed poised for a correction. But a strange thing happened on the way to the housing market crash: Home values ...
Housing inventory has been low since the last real estate housing market crash in 2008. This also led to a decrease in new home construction. This combination makes it a much more competitive market.
Major events included the Russia–Saudi Arabia oil price war that resulted in a collapse of crude oil prices and a stock market crash in March 2020. The United Nations Development Programme expects a US$220 billion reduction in revenue in developing countries, and expects COVID-19's economic impact to last for months or even years.
As for the U.S. housing market, Musk said that the issues in the commercial real estate market will spread to that sector as well. As Insider noted, Morgan Stanley said that home sales have ...