real estate facts: Economic Slowdown: What the Experts Are Saying
- 03/30/20 06:58 PM
More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” Bill McBride, the founder of Calculated Risk, believes we are already in a recession: “With the sudden economic stop, and with many states shutting down by closing down schools, bars and restaurants…my view is the US economy is now in a recession (started in March 2020), … (5 comments)
The market is challenging right now but we are monitoring the situation regularly and staying abreast of important changes that affect our business partners and borrowers. I want to make you aware of reduced appraisal requirements recently implemented due to concerns about obtaining full interior and exterior inspections (a traditional appraisal) during COVID-19. Appraisal requirements have been temporarily adjusted with more flexibility to include desktop appraisals and exterior-only inspections on certain purchase transactions. A desktop appraisal relies on public records, MLS information and other third-party data to appraise the property. … (3 comments)
real estate facts: 5 Real Estate Reality TV Myths Explained
- 08/25/19 09:12 AM
Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of shows like “Property Brothers,” “Fixer Upper,”and “Love It or List It,” all in one sitting. When you’re in the middle of your real estate-themed TV show marathon, you might start to think everything you see on the screen must be how it works in real life. However, you may need a reality check. Reality TV Show Myths vs. Real Life:Myth #1: Buyers look at 3 homes and decide to purchase one of them. Truth: There may be buyers who … (6 comments)
More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research:
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