Housing Inventory Shortages Drive Sales Despite Pandemic Recession
The COVID-19 global pandemic has brought periodic business shutdowns across the country and a huge spike in unemployment. The conventional wisdom is that the resulting recession should crater the housing market. Yet housing sales have largely remained strong because of housing inventory shortages. Here’s why there aren’t enough houses to meet today’s demand. National inventory […]
The CARES Act: Financial Relief for Homeowners and Renters During the Coronavirus Pandemic
Illness, job loss and other problems related to the current coronavirus pandemic have left many homeowners and renters unable to pay their mortgages or monthly rent payments. Fortunately, the federal Coronavirus Aid, Relief, and Economic Security Act (CARES), which took effect in late March, provides some welcome relief to homeowners, renters, and the owners of […]