Every time a home is sold it has a tremendous financial impact on local economies. As the real estate market continues its recovery, it will act as a strong tailwind to the overall national economy.
What Impact Might COVID-19 Have on Home Values?
A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how many items are available in relation to how many consumers want to buy that … Read More
Unemployment Report: No Need to Be Terrified
Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now. That pain should not be understated. However, the … Read More
Why Home Equity Is a Bright Spark in the Housing Market
Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down … Read More
Will Surging Unemployment Crush Home Sales?
The impact of the unemployment rate on home sales doesn’t seem to be as strong as we may have thought.
5 Simple Graphs Proving This Is NOT Like the 2008 Housing Crash
There are many reasons indicating this real estate market is nothing like 2008. Here are five visuals to show the dramatic differences.
Are We About to See a New Wave of Foreclosures?
There are actually many reasons we won’t see a surge in the number of foreclosures like we did during the housing crash over ten years ago.
Economic Slowdown: What the Experts Are Saying
No one knows for sure. It depends on how long it takes to beat this virus. Goldman Sachs anticipates we will see a difficult first half of the year, but the economy will recover in the second half of 2020.
Why the Stock Market Correction Probably Won’t Impact Home Values
If the current situation is more like the markets in the early 2000s versus the markets during the Great Recession, home values should be minimally affected, if at all.
Strength of the Economy Is Surprising the Experts
There probably won’t be a recession in 2020. That’s good news for you, whether you’re looking to buy or sell a home.