The housing industry remains a silver lining for the United States economy as the rapid spread of coronavirus (COVID-19) continues. The 11-year bull market on Wall Street came to an end this week as the Dow Jones Industrial Average dropped to 20% below its peak, putting it into bear territory. Thursday marked one of the Dow’s worst performances since the infamous “Black Monday” in 1987. Friday morning saw the Dow paring some losses as the futures market traded up nearly 1,000 points, but a lot of damage has already been done.
via My Mortgage Insurance Blog
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