Category Archives: Real Estate News

Q. Should I Renovate My House Before I Sell It?

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How Low Inventory May Impact the Housing Market This Fall

If you’re considering selling your house, this is the perfect time to chat. Call me at 714.343.9294 to see how you can benefit from the market trends in your local area.

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Two New Surveys Indicate Urban to Suburban Lean

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The Beginning of an Economic Recovery

The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand exactly what’s going on and what it means relative to the road ahead. We’ve talked before about what experts expect in the second half of this year, and today that progress largely hinges upon the continued course of the virus.

A recent Wall Street Journal survey of economists noted, “A strong economic recovery depends on effective and sustained containment of Covid-19.” Given the uncertainty around the virus, we can also see what economists are forecasting for GDP in the third quarter of this year (see graph below):
The Beginning of an Economic Recovery | Keeping Current Matters
Overwhelmingly, economists are projecting GDP growth in the third quarter of 2020, with 5 of the 9 experts indicating over 20% growth.

Lisa Shalett, Chief Investment Officer for Morgan Stanley puts it this way:

“Indeed, the ‘worst ever’ GDP reading could be followed by the ‘best ever’ growth in the third quarter.”

As we look forward, we can expect consumer spending to improve as well. According to Opportunity Insights, as of August 1, consumer spending was down just 7.8% as compared to January 1 of this year.

Bottom Line
An economic recovery is beginning to happen throughout the country. While there are still questions that need to be answered about the road ahead, we can expect to see improvement this quarter.

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Home Sales Hit a Record-Setting Rebound

Buyers returning to the market is a great sign for the economy, as housing is still leading the way toward a recovery. If you’re ready to buy a home this year, reach out to Stovall Team 714.343.9294 to make sure you have the best possible guide with you each step of the way.

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How Much House Can I Afford? Taking Advantage of Affordability in Today’s Market

If you feel ready to buy, purchasing a home this season may save you significantly over time based on historic affordability trends. Reach out to Stovall Team today to determine if now is the right time for you to make your move.

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