Q: What Will Happen to Home Values in the Wake of COVID-19?
The housing market will be a bright spot in our economy for months to come.
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Our economy was stronger than ever at the start of the year. Then, the pandemic came, creating not only a dangerous health crisis but a wave of unemployment. Currently, 85% of Americans are working, and of those who have been forced out of work, 90% are returning to their jobs. Regarding the strength of American homeownership, over 40% of homeowners do not have a mortgage to pay. Based on these factors and more, we can use basic economic principles to forecast the fate of home values. To find out more, watch the short video above.
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