First American: What a service sector-driven recession means for homeownership demand

First American’s Odeta Kushi delves into why “the pool of potential home buyers may not shrink as much as the jobless claims and unemployment rate may suggest” by examining #homeownership rates in the group most ‘vulnerable’ to the service sector-driven job losses. As the chart shows, even at its current lows, the homeownership delta between non-vulnerable and ‘vulnerable’ is slightly over 50%. While this #coronavirus-driven recession will certainly cause substantial pain across our entire economy, she puts forward a reasonable argument that this will “unlikely to result in a one-to-one decline in homeownership demand.”