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 … [Read more...]
Stay Calm and Carry On! This Is NOT 2008
Last week realtor.com released the results of a survey that produced three major revelations: 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next. 57% … [Read more...]
Recessions Do Not Equal a Housing Crisis [INFOGRAPHIC]
Some Highlights: There is plenty of talk in the media about a pending economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th. Many experts … [Read more...]
Should Homebuyers Worry About A 2008 All Over Again? Short Answer: No. Here’s Why…
Last week, realtor.com released a survey of active home shoppers (those who plan to purchase their next home in 1 year or less). The survey asked their opinion on an impending recession and its possible impact on the housing market. Two … [Read more...]
This Time is Different – An Economic Recession Will NOT Cause a Housing Crisis
If you're thinking about buying or selling a home, you may be wondering how the housing market will be impacted by a recession. Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. … [Read more...]
