Mary: This is Mary Walden with economist MW, welcoming you to the economic perspective. Today’s program looks at worries for the housing market. Mike, the housing market is a big part of our economy. How is it faring during the coronavirus recession, and are there challenges ahead?
Mike: Summary Answer
- Sales – can’t show homes
- Availability of loans – how will forgiving mortgage payments and rents impact loan availability
- Income -if virus results in major business and household pullbacks and bankruptcies, how will this affect sales
- Overall stability of the financial sector – looks good, but still worry
- I’m MW
Mary: And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics