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Real Estate Is Driving the Economy

Real Estate Is Driving the Economy

The housing market is playing a major role in today’s economic recovery. Many have gone through major changes in their lives this year. From unemployment, to working from home, to homeschooling. These changes all contribute to people contemplating whether they should buy or sell today. The high buyer demand coupled with the low housing inventory […]

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Will New Homes Be Available to Purchase This Year?

Everyone is looking for signs of economic recovery. Most experts currently believe that the economy will see a full recovery in the third quarter of 2020. They also believe that the housing market will be the factor that brings us out of the recession. Builder confidence may be the spark needed to start the recovery. […]

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Has the Economic Recovery Begun?

Wall Street Journal performed their monthly Survey of Economists and 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 coronavirus pandemic.” The US Bureau of Labor Statistics […]

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Is a Recession Here? Yes. Housing Crash? No.

The National Bureau of Economic Research (NBER) announced on Monday that the United States economy is in a recession. A recession is defined as: “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 the economy reaches a peak of […]

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Shocking Unemployment Report

The U.S. Bureau of Labor Statistics released the May Employment Situation Summary on Friday. Most predicted that the unemployment rate would increase to 20% from the 14.7% announced last month. The results were shocking. The Wall Street Journal said: “The May U.S. jobless rate fell to 13.3% and employers added 2.5 million jobs, blowing Wall Street expectations […]

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The Housing Market will Help Bring the Economy Back Up

With the unprecedented pandemic and states starting to reopen, all focus is on the American Economy. The major question is what sectors of the economy will contribute and drive its recovery? The great news is that many experts agree that the housing market will drive the economy to recovery. In the 2008 recession, the housing […]

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Unemployment Report

Last week the Bureau of Labor Statistics released that the unemployment rate has jumped to 14.7%. This number is predicted to be higher next month. This rate indicates how many families are undergoing financial hardships as a result of COVID-19. Although the unemployment rate is terrifyingly high, it is important not to exaggerate. Many are […]

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Unemployment: There’s Light At The End Of The Tunnel

Tomorrow the U.S. Bureau of Labor Statistics will be releasing the unemployment rate for April 2020. It is expected to hit a peak and will be a true representation of the number of families affected by the pandemic. The number of unemployed is expected to be shocking. Media will be splattered with doomsday predictions and […]

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Here’s Why Many Are Confused About The Economic Recovery

The current health crisis has caused everyone to question when the economy will recover. While COVID-19 has reached a plateau, many are concerned about when businesses will start opening up. There are three types of sciences used to forecast the economic recovery. Business Science – Looks at how the economy rebounded in the past.Health Science – Looks at when […]

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Buying a Home in Florida Right Now: Easy? No. Smart? Yes!

There is no doubt that the economy is currently volatile. Some homebuyers have put a pause on search for a home, while others have not. The real estate industry’s leasing showing management technology provider ShowingTime revealed that buyers in South Florida have started to make home-buying a priority again. In the latest report, they revealed: “The […]

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Rise to the Top by Selling Your South Florida House Today

With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their Florida houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers. Lawrence Yun, Chief Economist at NAR, noted: “The housing […]

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Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

Will This Economic Crisis Have a V, U, or L-Shaped Recovery? Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the […]

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