What’s going On With Real Estate? National Market Update!

What’s going on with Real estate? National Market Update. That’s the question of the hour. Well, first off, let me start off by saying, that I’m just reporting the analysis and the real estate experts across the nation at what they’re predicting. I personally, nor anyone else can control or predict what’s going to actually happen. But according to Goldman Sachs, J.P Morgan, WELLS FARGO, BANK OF AMERICA, and several other analysts, they are predicting economic growth in the third quarter, ranging from 15% to 25%. Hi, I’m Rich Barnes owner, broker of Realty experts in West Allis, Wisconsin, five three two one four A graph statistic from Opportunity Insights shows that most businesses ranging from healthcare to transportation, all had a decline in consumer spending in the first half of the year, with the exception of groceries, which went up. So, it’s good news that their predictions from the analyst and that we will see progress in the third quarter as compared to the first half of the year. In fact, according to Lisa Shalett, the Chief Investment Officer of Morgan Stanley, she States, and I quote Indeed, the worst GDP reading could ever be followed by the best growth In the third quarter. We are starting to see a rebound. Small businesses are obviously have been impacted due to the stresses and issues that are happening at across the globe. But how has this impacted the real estate market nationally? How have we recovered there? Well, I’m going to show you a few quotes from several economists and real estate analysts, regarding the recovery of the housing market and it’s very interesting. It almost reads like a movie trailer here. realtor.com, astonishing rebound. HOUSINGWIRE, shockingly strong. ATTOM DATA SOLUTIONS, pulled something out of a higher wire act in the second quarter. Zillow, stared economic pandemic right in the eye, and it hasn’t blinked. Meyers RESEARCH, has been nothing short of remarkable. So, it seems that the housing may play a critical role in the recovery. Since about the middle of may, the weekly showings of housings, people are out in full force, looking at homes across the nation. People are out in full force now more than they have been in the previous, throughout the entire year. According to the NATIONAL ASSOCIATION OF REALTORS, the housing market index looks into four things, demand, supply, price, and time on the market. So, the question is, what’s going to happen with pricing? What should I do? Well, continue watching and we’ll get more into details on that. I’m Rich Barnes with REALTY EXPERTS in West Allis, WI Can’t wait to hear from you. Thank you, and have a great day. What’s going on with Real estate? National Market Update.

What's Going On With Real Estate? National Market Update
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