Eerie Calm Settles on Housing Market, Defying Doomsayers for Now - Bloomberg

June 2020

Pandemic hasn’t brought wave of defaults that some predicted. Expiring stimulus could renew distress for owners and renters.

The initial chaos caused by the coronavirus pandemic has given way to an eerie calm, housing-industry executives say. Unemployment is near record highs, yet home prices keep rising. Lenders that in March warned of imminent collapse are now getting crushed by a surge in mortgage applications...