Skip To Content

Monthly Archives: June 2020

    Are New Homes Going to Be Available to Buy This Year?

    By Treasure Davis | June 30, 2020

    In today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year. With the housing market positioned to lead the way out of this recession, builder confidence might be a bright spark that gets the... Read More

    What Are Experts Saying About the Rest of 2020?

    By Treasure Davis | June 29, 2020

    One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. Here’s... Read More

    New Index Reveals Impact of COVID-19 on Real Estate

    By Treasure Davis | June 25, 2020

    Earlier this month, realtor.com announced the release of their initial 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, tracking each of the following: Housing Demand – Growth in online search activity Home Price – Growth in asking... Read More

    Should We Be Looking at Unemployment Numbers Differently?

    By Treasure Davis | June 24, 2020

    The New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief Economist at Indeed, the world’s largest online job site. Previously, he was Chief... Read More

    What Are the Experts Saying About Future Home Prices?

    By Treasure Davis | June 23, 2020

    A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices have become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of... Read More

    Is the Economic Recovery Already Underway?

    By Treasure Davis | June 17, 2020

    The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the corona virus pandemic.” Clearly, the... Read More

    Three Reasons Homebuyers Are Ready to Purchase This Year

    By Treasure Davis | June 16, 2020

    A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph below): Let’s break down why these... Read More

    Real Estate Tops Best Investment Poll for 7th Year Running

    By Treasure Davis | June 15, 2020

    Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the seventh year in a row, real estate has come out on top as the best long-term investment. Gallup explained: “Real estate remains the most favored investment to Americans,... Read More

    Is a Recession Here? Yes. Does that Mean a Housing Crash? No.

    By Treasure Davis | June 10, 2020

    On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when... Read More

    The Shocking News in the Unemployment Report

    By Treasure Davis | June 8, 2020

    Last Friday, the U.S. Bureau of Labor Statistics released its May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate fell to 13.3% and employers added... Read More