The coronavirus pandemic pushed home sales off a cliff. When will they recover?
(3) updates to this series since
Mortgage lenders are battling economic uncertainty by raising minimum credit scores, requiring higher down payments, triple-checking employment status and even eliminating certain loan types altogether.
How far might home sales fall? And how long might transactions remain depressed? As with most questions about the coronavirus crisis, the answers hinge on the duration and the severity of the COVID-19 outbreak.