With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. Today, many analysts believe one of the […]
Archives: April 2020
What Impact Might COVID-19 Have on Home Values?
Uncertainty Abounds in the Search for Economic Recovery Timetable
Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation. In addition, we noted how there are some in the business community who believe we may instead be headed for a U-shaped […]
The Pain of Unemployment: It Will Be Deep, But Not for Long
How deep will the pain cut? Major institutions are forecasting unemployment rates last seen during the Great Depression. Here are a few projections: Goldman Sachs – 15% Merrill Lynch – 10.6% JP Morgan – 8.5% Wells Fargo – 7.3% How long will the pain last? As horrific as those numbers are, there is some good […]
Today’s Homebuyers Want Lower Prices. Sellers Disagree.
What If I Need to Sell My Home Now? What Can I Do?
Why Home Office Space Is More Desirable Than Ever
For years, we’ve all heard about the most desirable home features buyers are looking for, from upgraded kitchens to remodeled bathrooms, master suites, and more. The latest on the hotlist, however, might surprise you: home offices. In a recent article by George Ratiu, Senior Economist with realtor.com, he notes how listings with an office are […]
Will Surging Unemployment Crush Home Sales?
Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. […]