Recommended Reads
COVID-19 Mortgage Relief-The Role of Income Support
The blog links both prior and forthcoming research on when consumers are likely to stop paying their mortgages due to a “double trigger” from income shocks due to job losses or other events that then cause drops in housing prices. The authors conclude that income support to households and small businesses in the wake of the COVID-19 pandemic has limited disruption to date in the housing market in addition to supporting individual families.