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…
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…
The impact of the unemployment rate on home sales doesn’t seem to be as strong as we may have thought.
There are many reasons indicating this real estate market is nothing like 2008. Here are five visuals to show the dramatic differences.
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.
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.
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.
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.
Housing Bubble 2003 - 2006. This is a really good summary of the causes of the recent housing bubble. Click on the link: A Brief History of the Housing Bubble…
Here's an interesting article about the state of the economy and housing market - June 2013. Click this link to go to the article directly. Best…
