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Freddie Says Economic Stimulus Softened Pandemic's Impact

Friday, July 10, 2020   /   by Erik Bjorklund

Freddie Says Economic Stimulus Softened Pandemic's Impact

Freddie Mac's Economic and Housing
Research Group says say that, heading into summer, the housing market is
rebounding from the COVID-19 pandemic's damage faster than expected.
Purchase
demand is recovering, and any home price response has, so far, been muted.
Still, the company's quarterly forecast is much more uncertain than usual. The report credits the government's stimulus
with cushioning the pandemic's impact on consumers
in the short term, however,
there has still been tremendous damage to the labor market and to small
businesses. The extent of that impact is still unfolding.


 

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