The Covid 19 shutdown will send ripple effects through our economy, but Yun believes they will be most felt in Q2 with strong rebounds showing towards the end of the calendar year, rounding our Q3 and Q4. “15 million people are filing for unemployment claims. This will have large negative effects. It will affect home sales, vehicle sales, etc. However, I expect 80-90% of job losses to come back in Q3 and Q4 of this year,” said Yun.
Full Article here: NAR Chief Economist Educates on What To Expect During and Coming Out of the Pandemic
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