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U.S. Economy: Real Estate Headed for “V-Shaped” Recovery!

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Manage episode 265937881 series 2394432
Content provided by Rich and Kathy Fettke and Kathy Fettke / RealWealth. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rich and Kathy Fettke and Kathy Fettke / RealWealth or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
It’s headline news for residential real estate. The National Association of Realtors is reporting a mammoth 44.3% increase in pending home sales for the month of May. That’s after a decline during the previous two months when the pandemic was at its peak. Economists see this as a sign of a “V-shaped” recovery that could help lead the economy out of the current recession. The market for existing homes was pretty much at a standstill for two months. Sellers didn’t want to list their homes out of fear of the selling process -- that buyers touring homes would bring germs. Stay-at-home orders also kept the number of buyers to a minimum, especially those who wanted to see a home in person before they signed on the dotted line. www.NewsForInvestors.com
  continue reading

778 episodes

Artwork
iconShare
 
Manage episode 265937881 series 2394432
Content provided by Rich and Kathy Fettke and Kathy Fettke / RealWealth. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rich and Kathy Fettke and Kathy Fettke / RealWealth or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
It’s headline news for residential real estate. The National Association of Realtors is reporting a mammoth 44.3% increase in pending home sales for the month of May. That’s after a decline during the previous two months when the pandemic was at its peak. Economists see this as a sign of a “V-shaped” recovery that could help lead the economy out of the current recession. The market for existing homes was pretty much at a standstill for two months. Sellers didn’t want to list their homes out of fear of the selling process -- that buyers touring homes would bring germs. Stay-at-home orders also kept the number of buyers to a minimum, especially those who wanted to see a home in person before they signed on the dotted line. www.NewsForInvestors.com
  continue reading

778 episodes

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