How the pandemic could cripple housing

The pandemic triggered the steepest, fastest recession in U.S. history. Housing has mostly dodged the bullet. So far.

Bloomberg argues that if the jobs market doesn’t bounce back fast or stimulus doesn’t continue, foreclosures will drag the market down. “CoreLogic estimates defaults in some mortgages would quadruple by 2022.”

CLICK THE IMAGE to read the article in full at Bloomberg.

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