flexiblefullpage - default
Currently Reading

Will the Housing Market Bounce Back After the Coronavirus?

billboard - default

Will the Housing Market Bounce Back After the Coronavirus?

April 15, 2020
woman wearing protective face mask and latex gloves with shopping carts in carpark outside grocery store
By Rawpixel.com

We are just half way through the month of April, but as buyer traffic dwindles and layoffs abound, it already feels like we’ve had a year’s worth of stress. Good news? The full effect of the coronavirus on the housing market will not last long, according to Sam Khater, Freddie Mac’s chief economist. Although it will take a long time to fully recover, the economist says that much of the damage will be contained to the first half of 2020, and after that, the housing market will start its recovery, thanks to low mortgage interest rates, low inventory, and an expected increase in demand.

The brunt of the coronavirus' impact on the housing market will hit in the first half of 2020, with a likely recovery and pick up in home sales in the second half, according to Freddie Mac.

"Although the uncertainty of the crisis means forecasts of economic activity are more unclear than usual, we expect that most of the economic damage from the virus will be contained to the first half of the year," Sam Khater, Freddie Mac's chief economist, said in a press release. "Going forward, we should see a recovery starting in the second half of 2020, though it will take some time for the economy to fully bounce back."

Read More

Related Stories


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

boombox1 -
native1 - default
halfpage2 -

More in Category

native2 - default
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
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.