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 The real estate professionals at Coldwell Banker Kaiser are committed to providing you with the most up to date information about the economy and the housing market. With the current pandemic putting a pause on the economy many of your are wandering when the economy will recover, are we headed into a recession and is this going to be like 2008 all over again.  Historical analysis shows us that pandemics are usually V shaped (sharp recessions that recover quickly enough to provide little damage to home prices), and industry expert analysis shows the current slowdown is playing out similarly thus far.  A Recession DOES NOT necessarily Equal a Housing Crisis. With the exception of two recessions, the Great Recession from 2007 to 2009, and the Gulf War recession from 1990 to 1991, no other recessions have impacted the U.S. housing market, according to Freddie Mac Home Price Index data collected from 1975 to 2018.  Many still bear scars from the Great Recession and may expect the housing market to follow a similar trajectory in response to the coronavirus outbreak. But, there are distinct differences that indicate the housing market may follow a much different path. While housing led the recession in 2008 to 2009, this time it may be poised to bring us out of it.  What 9/11 has in common with what is happening today is that this shock has also generated fear, angst and anxiety among the general public. People avoided crowds then as they believed another terrorist attack was coming and are acting the same today to avoid getting sick. The same parts of the economy are under pressure including airlines, leisure, hospitality, restaurants, entertainment and consumer discretionary services in general.        The bottom line is that the fundamentals of the housing market are much better this time around and it is more than likely that housing will help to lead us out of a recession if it does occur because of the pandemic. While we will certainly experience some pain from all of this, the future potential looks positive. |
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Over 93 Million in Sales - Click to View |
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It is a common misconception that a real estate agent primarily learns of someone looking to buy or sell a home when someone simply calls an agency looking for an agent to help them. Although this can happen, it is very rare. In fact, over 80% of the referrals I receive come from past clients and past coworkers just like you. The other 15-20% of referrals comes from our national network of relocation companies and other Coldwell Banker agencies across the country. The greatest compliment I can receive is when someone like you refers me to a friend, coworker or family member of theirs. If you, or someone you know, are looking to either buy or sell a home then I would certainly appreciate the opportunity to earn your business. Do you know of someone looking to buy or sell a home?  |
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 12401 Old Meridian Street Carmel, In 46032 Email brad@btgough.com Mobile (317) 590-3571 Office (317) 844-1131 Website www.btgough.com          |
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