Real-estate brokers, economists and some home buyers are looking beyond the pandemic-driven slump in home sales and seizing on signs that the housing market is strengthening
The U.S. economy contracted 5% in the first quarter of 2020. With the coronavirus crisis continuing into the summer, economists are expecting an even steeper contraction in the second quarter. WSJ's Carter McCall explains how GDP is calculated and how the coronavirus is impacting the equation. Photo Illustration: Jacob Reynolds/WSJ
100,000 families looking to down-size for your rah-rah headline
I predict that by the end of the year real estate will be down by 15% mainly because I see this hurricane season, a couple more riots, a wave of bankruptcy and persistent unemployment popping this bubble hard. Every1 and their grandma knows that real estate lags behind.
We will soon to be a nation of 'landed gentry' where property owners transact only amongst each other...sometimes called the effect of 'accumulated advantage', aka haves and have nots, aka renters and owners.
Hilarious. 20 million continuing unemployment claims and real estate brokers are declaring a housing recovery.
Ahahahaha, really? guys, you are 100% incompetent, maybe corrupted? I'm in a RE business for 14 years. RE market will go ~50% down. There is a just 2-3 month time lag.
Can't wait for the next subprime crisis
In other words the bubble is about to burst.
HenryPryor
Please check the facts on this. We doubt this. Label t feel good messaging. We not buying it or anything else from your economy!
Because 25% unemployment and global recession means people buy more homes right?!
My neighbor's house just sold for $22,000 above list in only 6 days. They had a track meet of potential buyers last Sunday and Monday.
If people are going to hunker down at homes, it is a good time to buy a house. Also people think it is a safer investment. If this Coronavirus drags out for 2 years, then overall economy will depress home prices.
I wonder what money people are using to buy and I'm sure dead, old people left a lot behind.