flexiblefullpage - default
Currently Reading

Which Metros Are Most At Risk of a Coronavirus-Caused Recession?

Advertisement
billboard - default
Coronavirus Resources and Information

Which Metros Are Most At Risk of a Coronavirus-Caused Recession?


March 30, 2020
Myrtle Beach, SC
By SeanPavonePhoto

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.

Read More

 

Advertisement
leaderboard2 - default

Related Stories

Housing Markets

4 Cities Where Housing Inventory Now Exceeds Pre-Pandemic Levels

San Antonio leads with the greatest surge in the number of homes available post-pandemic

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

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.