Is the Economic Recovery Beating All Projections?

Is the Economic Recovery Beating All Projections? Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the country will not face the total devastation projected by some. As we continue to battle the pandemic, forecasts are now being revised upward. The Wall Street Journal (WSJ) just reported: “The U.S. economy and labor market are recovering from the coronavirus-related… Read More

The Surging Real Estate Market Continues to Climb

The Surging Real Estate Market Continues to Climb Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activity Home Price – Growth in asking prices Housing Supply – Growth of new listings Pace of Sales – Difference in time-on-market The index compares the current status “to the January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to… Read More

Will Home Values Appreciate or Depreciate in 2020?

Will Home Values Appreciate or Depreciate in 2020? With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for the REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand) during this pandemic. Buyer Demand… Read More

Rise to the Top of the Pool by Selling Your House Today

Rise to the Top of the Pool by Selling Your House Today With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers. Lawrence Yun, Chief Economist at NAR, noted:  “The housing market faced an inventory shortage before the pandemic. Given that there are even fewer new listings during the pandemic, home sellers are taking a calm approach and appear unwilling to lower prices to attract… Read More

Uncertainty Abounds in the Search for Economic Recovery Timetable

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 recovery, where the return to previous levels of economic success won’t occur until the middle of next year. Yesterday, Reuters released a poll of U.S. and European economists which revealed that most surveyed are now leaning more toward a U-shaped recovery. Here… Read More

Think This Is a Housing Crisis? Think Again.

Think This Is a Housing Crisis? Think Again. With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of… Read More

Keys to Selling Your House Virtually

Keys to Selling Your House Virtually In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, if you need to sell your house now, what virtual practices should you use to make sure you, your family, and potential buyers stay safe in the process? In today’s rapidly changing market, it’s more important than ever to make sure… Read More

Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

Will This Economic Crisis Have a V, U, or L-Shaped Recovery? Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover? Let’s look at the possibilities. Here are the three types of recoveries that follow most economic slowdowns (the definitions are from the financial glossary at Market Business News): V-shaped recovery: an economic period in which the economy experiences a sharp decline. However, it… Read More

Home Purchase & Education Go Hand in Hand

For many families, schools are an essential consideration when searching for a new home. However, most property searches only offer property related criteria such as price, beds, baths, and square feet. As such, locating properties that meet the criteria for your family and your child’s education can be challenging, especially when you are less familiar with an area. For this very reason, this website provides you with the ability to incorporate school ratings directly into your property search as a primary criteria.  Additionally, you’ll have access to detailed information and statistics on local schools and neighborhoods on every listing detail… Read More

How to Track Your Home’s Value

Buying a home is generally the single largest purchase that we make in our lifetimes and most of us are interested in not only the value of our properties, but also the general value of like properties in our neighborhoods. Whether you have just moved into a new home or have lived there for years, tracking the market value of your property is essential for any informed homeowner. This website’s property search provides an excellent platform to track property values and market trends in your area.  In this post, you will learn strategies for tracking the value of your home… Read More