Wednesday, May 27, 2020

Cities Where the COVID Recession Looks to Hit Hardest

At the greatest risk…

Paulo Barcellos Jr. via Wikimedia Commons

Although all 50 states have begun to at least partially reopen, the economic malaise brought about by the coronavirus pandemic will continue for some time. However, the economic fallout of COVID-19 will hit certain areas harder than others.

While construction remained an essential business throughout the United States during these uncertain weeks, housing markets in major metropolitan areas could struggle. Some are already far more fragile than others. Many likely to be hardest hit were already struggling pre-COVID.

Housing markets in economies dependent on oil and gas, transportation and tourism are most likely to suffer. Here are the metro areas most at-risk:

(H/T the Detriot Free Press and ATTOM Data Solutions)



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