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You are here: Home / Blog / Featured Blog Posts / Unemployment Rates and Home Sales

Unemployment Rates and Home Sales

April 8, 2020 Craig Smyser Leave a Comment

I’m starting to hear rumblings from people worried that we are heading into another housing crisis given the amount of unemployment we are experiencing. Here is a graph that shows that, surprisingly, the unemployment rate and home sales are not very correlated.

The unemployment rate was rising between 1992-1993, yet home sales increased.

The unemployment rate was rising between 2001-2003, and home sales increased.

The unemployment rate was rising between 2007-2010, and home sales significantly decreased.

The unemployment rate was falling continuously between 2015-2019, and home sales remained relatively flat.

Of course, once the economy is back up and running, many of the unemployed will be working again.

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Filed Under: Featured Blog Posts, General Real Estate Information, Market Updates

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