How coronavirus is impacting the housing market

Plus, why the crisis will be a catalyst in the fight for fair housing ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [View on the web]([Click to view images]( The spring housing market was expected to be among the most competitive in recent memory, but shelter-in-place orders are grinding the market to a halt. With almost 10 million Americans applying for unemployment over the last two weeks, renters and homeowners have lost the means to pay for their homes, and calls for a rent strike are sweeping across the nation. While federal regulators have sought to ease the burden by imposing eviction and foreclosure moratoriums, in addition to mortgage payment forbearance, halting mortgage payments could bankrupt the lending system and cause another financial crisis. With the timeline for recovering from COVID-19 unclear, the situation will likely become more serious at a time when homes are more essential than ever. —Jeff Andrews, Curbed reporter [Click to view images]( [How coronavirus is impacting the housing market]( The economy is grinding to a halt. Will the housing market follow? [alt_text]( [Another financial crisis is brewing in the mortgage market]( Mortgage payments are on pause because of coronavirus, but the resulting domino effect of that could be disastrous. [alt_text]( [Millions of Americans didn’t pay rent on April 1. Now what?]( Tenants are calling on state and federal leaders to cancel rent for the duration of the coronavirus crisis. [alt_text]( [Why the coronavirus crisis will be a catalyst in the fight for fair housing]( Rent strikes, home occupations, and how the pandemic underscores the need to fight for housing justice. [alt_text]( [Will a coronavirus-induced recession make it easier to buy a house?]( The 2008 recession yielded housing bargains in subsequent years, but it’s too early to know what the fallout from COVID-19 will be. [alt_text]( [If the coronavirus has you worried about your mortgage, do these four things]( These steps can help if you’re at risk of missing a payment because of COVID-19. [alt_text]( [What your landlord thinks about rent right now]( Property owners juggle a widespread struggle to pay rent with their own mortgage responsibilities. [Facebook]( [Twitter]( [Instagram]( [Curbed]( This email was sent to {EMAIL}. Manage your [email preferences](, or [unsubscribe]( to stop receiving emails from Vox Media. View our [Privacy Notice]( and our [Terms of Service](. Vox Media, 1201 Connecticut Ave. NW, Washington, DC 20036. Copyright © 2019. All rights reserved.