The United States now leads the world in the number of coronavirus cases, and the numbers continue to rise. Almost no part of American life is unaffected—and most areas will feel the recession that is likely to follow, according to real estate experts. But some areas are taking hard hits right now or are forecasted to suffer due to their links to tourism and vacation rental markets. Realtor.com found the top 10 most at-risk metros and broke down four trends playing out in them, including the expected gambling slump and second-home slowdown.
Just about everyone has been affected by the coronavirus pandemic—and the crisis, according to most experts, is only beginning to play out in many parts of the U.S. America now has the most confirmed COVID-19 cases in the world. And beyond the devastating human toll, an economic one is looming. The unemployment numbers are staggering, and the economy appears to be headed for a recession, if it's not already in one.
That's bound to affect just about every housing market in the country, some worse than others. But which are the most vulnerable? The realtor.com® data team found the counties that could be most at risk in the worsening financial crisis.
Advertisement
Related Stories
Remodeling
Aging in Place: My Aunt Nancy’s New ADU
An apartment addition for an accessory dwelling unit to allow a family member to age in place presents several challenges and lessons learned for both the homeowners and contractor alike
Housing Markets
Average Homebuyer Income Increased Considerably in 'Pandemic Boomtowns'
Remote workers moving to Boise, for example, have raised the average annual income of homebuyers by 24%, to $98,000
Housing Giants
What Now for Residential Construction? The Housing Industry Post-Pandemic
The COVID-19 pandemic is essentially over, but the disruption to the housing industry that lies in its wake will be felt for years to come