Tuesday, May 12, 2020 / by Tami Goodwin
The last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not seen in many years. It also has consumers remembering the economic slowdown of 2008 that was caused by a housing crash. This economic slowdown, however, is very different from 2008.
One thing the experts are saying is that while we’ll see a swift decline in economic activity in the second quarter, we’ll begin a sharp rebound in the second half of this year. According to John Burns Consulting:
“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices), and some very cutting-edge search engine analysis by our Information Management team showed the current slowdown is playins ...
Monday, April 6, 2020 / by Tami Goodwin
The home buying and selling season has officially kicked off! While this is usually a predictable and exciting time in Real Estate, a wildcard none of us ever expected is now in play. COVID-19, or Coronavirus, has caused widespread fear, which has led many families to become uncertain of what their next step is in their Real Estate venture. In response to this, we created this article to help answer your questions and encourage you to continue your home search or sale because, in reality, this is the BEST time to buy and sell! Want to find out why? Keep Reading!
Stock Market vs. Housing Market
We are beginning to feel the effects of the outbreak in China with the shortages and delays in consumer goods. In addition, restricted travel, social distancing, and the closure of businesses in some states will all contribute to lower consumer spending, which can hurt the economy. However, the Stock Market and the Housing Market are typically not tied together since people0 ...
Sunday, June 10, 2018 / by Tami Goodwin
Wednesday, May 9, 2018 / by Tami Goodwin
Saturday, April 7, 2018 / by Tami Goodwin