Finally wonderful news for housing. Pent up demand (and new demand) will cause a home sales surge. What can you the real estate professional do NOW to help you clients make the most of this new housing boom? More importantly, how long with this housing boom last? What are the specific drilled down making money […]
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Key Highlights JPMorgan Chase Institute points to smaller cash buffers in Black and LatinX Households Spending patterns likely to be disproportionately felt A just released study by the JPMorgan Chase Institute indicates that LatinX and African American families will likely experience COVID job and income losses more than Caucasian families. Families of color tend to […]
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Key Highlights Delisting homes now slowing down Longer Days on the Market Home price growth flat According to latest housing market research done by Redfin, here are five indicators that illustrate how the COVID-19 pandemic has upended residential real estate: Download Your FREE Ultimate Agent Survival Guide Now. This is the exact ‘do this now’ […]
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Key Highlights Commerce Department announced that economy shrank -4.8% in Q1 2020 Largest contraction since -8.4% dive in Q4 2008 Q1 2020 contraction is marked reversal from +2.1% growth rate at end of 2019 The US Commerce Department announced a -4.8% contraction in the economy in Q1 2020. Consumer spending, which represents approximately 70% of […]
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Key Highlights US GDP declined – 4.8% in Q1 2020, our worst economy in a decade Analysts predict the economy to become the worst in our lifetimes Economists expect Q2 figures to reflect -30%+ contraction in Q2 2020 The economic indicators for Q1 2020 look terrible…there are nearly 30M workers who have filed for unemployment […]
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Key Highlights The Motley Fool, one of the most respected stock and real estate advisors in the country, just released its list of top real estate podcasts that relate to real estate agents, investors, professionals and real estate entrepreneurs Real Estate Coaching Radio is among The Fools three best podcasts for real estate agents The […]
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YES, Tim and Julie Harris are expecting a big boom in housing sales starting around June. How long will this mini-boom last…maybe through the early fall. Listen now for critical info on what you must be doing now to make the most of this soon coming real estate boom. The big question is what happens […]
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Key Highlights Trying to extend closures sparking protests and backlashes New York’s Mayor Bill DeBlasio told Fox News he doesn’t expect NYC to open until July or August Governor Gavin Newsom of CA told press, “Large-scale events that bring in hundreds, thousands, tens of thousands of strangers…not in the cards…” currently As you know from […]
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Key Highlights Goldman Sachs forecast 13% default rate last week Moody’s forecast 14.4% default rate by end of March 2021 and to rise to 17.7% by April-May 2021 Moody’s forecast unemployment rate to jump to 8.7% in Q2 and 6%-7% in next three quarters Black Knight data recently released indicated that nearly 3M households have […]
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Key Highlights Under the CARES Act passed by Congress last month, a typical American is to receive a one-time stimulus check of $1,200 Stimulus checks supplement other federal government relief efforts to help pandemic-impacted people deal with disruption Other government efforts to help relieve COVID-19 losses include expanded eligibility for unemployment benefits, a moratorium on […]
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Tim and Julie Harris 