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Freddie Says Economic Stimulus Softened Pandemic's Impact

Thursday, June 18, 2020

Freddie Mac's Economic and Housing Research Group says say that, heading into summer, the housing market is rebounding from the COVID-19 pandemic's damage faster than expected. Purchase demand is recovering, and any home price response has, so far, been muted. Still, the company's quarterly forecast is much more uncertain than usual. The report credits the government's stimulus with cushioning the pandemic's impact on consumers in the short term, however, there has still been tremendous damage to the labor market and to small businesses. The extent of that impact is still unfolding.

 

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