The Corona virus pandemic has changed the way people live around the globe. While the virus remains a threat, and certain will for quite some time, some businesses and industries are slowly starting to reopen, but most of the damage has been done to specific business sectors.
The unemployment rate in the United States is over 4%, the Dow Jones Industrial Average has plunged as a result of the virus, experiencing its biggest crash since 1987, and small businesses across the country are struggling to stay afloat since quarantines and lockdown orders were imposed for 95% of the country.
Even the things we consider staples have taken an enormous hit, including the oil and aviation industries. While domestic flights are still allowed, airlines have seen an enormous reduction. Oil prices are at their lowest point in decades, which may be good for travelers, but it’s “boosting” the industry. The whole situation has left many industries wondering what the future holds or if the industry environment as a whole for the country – and the world – will ever be the same.
However, not all industries are experiencing bottlenecks as a result of COVID-19. The housing market, for example, has been less hit by the pandemic. In fact, the sales volume of Orlando real estate has increased during this time of social distancing. House prices also rose. This is excellent news for local real estate agents in addition to the housing market, in general, as it’s a very important part of the overall economy.
Infographics Designed by: Authenticorlando.com
