Unemployed people probably aren't buying new homes. But if they are getting unemployment check, they might be paying their mortgages on existing homes. Also, ev

Unemployed people probably aren't buying new homes. But if they are getting unemployment check, they might be paying their mortgages on existing homes. Also, even if they stop paying their mortgages, they can't be foreclosed on in many states. Also, banks are deferring their payments, because it's not in their interests for people to foreclose, but they will only delay those payments for so long. My point is that once those unemployment checks cease and foreclosures resume, prices can drop significantly.