SFA Research Corner
Provided by SFA
April’s weak housing data reflects a market reeling from COVID-related demand shocks while April delinquency and forbearance data shows the effects of joblessness.
April’s weak housing data reflects a market reeling from COVID-related demand shocks while April delinquency and forbearance data shows the effects of joblessness. Given the correlation between unemployment and the housing market and mortgage performance, any sustainable improvement will depend on how quickly and definitively jobs will come back, which is perhaps why the improvement in continuing claims, the first improvement since the pandemic outbreak, may be the first glimpse of the light at the end of the tunnel.
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