More than 4 million people say they fear being evicted or foreclosed upon in the coming months just as two studies released Wednesday found that the nation's housing availability and affordability crisis is expected to worsen significantly following the pandemic.
Court officials in Philadelphia have put a hold on residential evictions in the city for two weeks.
Sales of new single-family homes dropped to a seasonally adjusted annual rate of 627,000 last month, according to the U.S. Department of Commerce.
The coronavirus outbreak has left landlords and renters alike wondering how they will foot their bills while out of work.
The housing market has started to feel the effects of the coronavirus, with buyers fearful of the economic climate and sellers weary of welcoming outsiders into their homes.