Why the housing market is strong during an economic downturn. : The Indicator from Planet Money The coronavirus pandemic has brought with it a massive economic downturn. Another thing it's brought: A booming housing market. We explain why. | Support The Indicator here.
NPR logo

Why The Housing Market Is Booming In A Bad Economy

  • Download
  • <iframe src="https://www.npr.org/player/embed/949605769/949607775" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Why The Housing Market Is Booming In A Bad Economy

Why The Housing Market Is Booming In A Bad Economy

Why The Housing Market Is Booming In A Bad Economy

  • Download
  • <iframe src="https://www.npr.org/player/embed/949605769/949607775" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Bloomberg/Bloomberg via Getty Images
RE/MAX Holdings Inc. signage is displayed outside of an open house in Redondo Beach, California, U.S., on Saturday, Feb. 14, 2015. The National Association of Realtors is scheduled to release existing home sales figures on Feb. 23. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
Bloomberg/Bloomberg via Getty Images

The coronavirus has devastated the American economy — and while there has been some recovery, there are still around ten million people unemployed.

The economy may have stalled, but one thing that hasn't? People!

Through stay-at-home orders and elevated risk levels, people continue to move. It's one of the reasons why, despite the broader economic downturn, the housing market has been incredibly strong this year.

People are packing up and moving, in part because of the coronavirus. Team Indicator takes another look at why.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, PocketCasts and NPR One.