Why The Housing Market Will Drive The Economy

As all eyes are on the American economy, as states begin to reopen, the question becomes: which sectors of the economy will drive its recovery? The growing consensus is the housing market is positioned to be the driving force that is necessary. Many fear what happened in 2008 will happen all over again in response to the coronavirus but there are distinct differences this time around. The housing market was in great shape before the pandemic took place. We expect the economy to begin to recover later in 2020 and we fully expect the housing industry to play a vital role. Whenever a home is sold it has a tremendous financial impact on our local economies. Plenty of buyers are ready to take advantage of the record-low mortgage rates. As sellers gear up to list their properties with the reopening of some states, we feel confident that more homes will start to be available for interested buyers in coming weeks. The Price Group is dedicated to helping you find your home so you can write your story.