When Is The Economy Going To Recover?

When Is the economy going to recover? Hi, I’m Rich Barnes, owner broker realty experts in West Allis, Wisconsin 53214. The question keeps coming up and we keep getting asked. The question is, when is the economy going to recover? I feel it’s important to look at the facts. The American economy is like someone put it on a pause button. Very different from 2008. The 2008 crash came fast and we had to rebuild the housing market and the mortgage market. It’s like a tsunami came and wiped out the housing market. Now we’re at a halt, but eventually we will be going back to work. So it’s a different type of recovery. Goldman Sachs, JP Morgan, Morgan Stanley, they’re all calling for a rapid V type of recovery. JOHN BURNS consulting, a major consulting firm in real estate industry has studied past pandemics. And they state “Historical analysis showed that US, the pandemics are usually V shaped recessions that recover quickly enough to provide little damage to home prices, and some very cutting edge research engine analysis by our information management teams showed the current slowdown is playing out similarly thus far.” Also, Harvard Business Review states “it’s worth looking back at history to place the potential impact path of COVID-19 empirically. In fact, V shapes monopolize the empirical landscape and prior shocks including epidemics, such as SARS, known as the H3N2, the Hong Kong flu back in 1958, the Asian flu and the 1918 Spanish flu. So in past pandemics, we saw V-shape patterns. Yes, it’s crazy wild ride right now. Everyone has been delayed or put on pause. So the experts are anticipating once the pandemic restrictions are lifted and the people go back to work we still need and want to buy and that the housing market will go back to normal. Hey, I’m not giving you my opinion, I’m just stating what experts are saying and I thought it would be of service to you. Feel free to reach out to me at realty experts with any questions or concern. Your safety is our concern, and we’re always here to help. Thanks and have a great day.

When the economy going to recover ?
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