With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market?
Surprisingly, so far not much!
Milwaukee Metro Area (as of 4/16/2020):
- Prices are holding firm: median price under contract is up +4.6% in April compared to February and March averages (Ozaukee, Milw., Wash., Wauk. and Racine Co. combined)
- Physical showings are down 45% – many buyers prefer more virtual showings
- New Listings are down 24% as seller are holding off – even more pressure on inventory!
- Listings under contract (accepted offers) are down only 15% (compared to -24% inventory) – buyer demand is more than robust!
- Hot listings are selling with multiple offers – most deals we have been involved in over the last 3 weeks were competitive and had multiple offers
What is a recession?
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.”
COVID-19 hit the pause button on the American economy in the middle of March. Goldman Sachs, JP Morgan, and Morgan Stanley are all calling for a deep dive in the economy in the second quarter of this year. Though we may not yet be in a recession by the technical definition of the word today, most believe history will show we were in one from April to June.
Does that mean we’re headed for another housing crash?
Many fear a recession will mean a repeat of the housing crash that occurred during the Great Recession of 2006-2008. The past, however, shows us that most recessions do not adversely impact home values. Doug Brien, CEO of Mynd Property Management, explains:
“With the exception of two recessions, the Great Recession from 2007-2009, no other recessions has majorly impacted the U.S. housing market, according to Freddie Mac Home Price Index data collected from 1975 to 2018.”
CoreLogic, in a second study of the last five recessions, found the same. Here’s a graph of their findings:
What are the experts saying this time?
This is what three economic leaders are saying about the housing connection to this recession:
Robert Dietz, Chief Economist with NAHB
“The housing sector enters this recession underbuilt rather than overbuilt…That means as the economy rebounds – which it will at some stage – housing is set to help lead the way out.”
Ali Wolf, Chief Economist with Meyers Research
“Last time housing led the recession…This time it’s poised to bring us out. This is the Great Recession for leisure, hospitality, trade and transportation in that this recession will feel as bad as the Great Recession did to housing.”
John Burns, founder of John Burns Consulting, also revealed that his firm’s research concluded that recessions caused by a pandemic usually do not significantly impact home values:
“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices).”
The Scoot on the Milwaukee Area
Bottom Line
If we’re not in a recession yet, we’re about to be in one. This time, however, housing will be the sector that leads the economic recovery.
I appreciate you sharing this blog post. Thanks Again. Cool.
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good. https://www.binance.com/sl/register?ref=JHQQKNKN
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me? https://www.gate.io/pt/signup/XwNAU
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/pl/register?ref=V2H9AFPY
Nice post. I used to be checking continuously this blog and I am inspired! Very useful information specially the final phase 🙂 I deal with such info a lot. I used to be seeking this particular info for a long timelong time. Thank you and good luck.
Greetings from Idaho! I’m bored to death at work so I decided to check out your site on my iphone during lunch break. I enjoy the knowledge you present here and can’t wait to take a look when I get home. I’m amazed at how quick your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyhow, wonderful site!
It is perfect time to make a few plans for the future and it is time to be happy. I have read this submit and if I may I wish to suggest you few fascinating things or suggestions. Perhaps you could write next articles referring to this article. I wish to read more things approximately it!
My brother suggested I might like this website. He was totally right. This post actually made my day. You cann’t imagine just how much time I had spent for this information! Thanks!
An impressive share! I have just forwarded this onto a friend who was doing a little research on this. And he in fact bought me lunch because I found it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for spending the time to discuss this matter here on your internet site.
Fine way of describing, and good piece of writing to take information about my presentation subject, which i am going to deliver in academy.
Hi everybody, here every one is sharing such experience, thus it’s good to read this webpage, and I used to go to see this blog daily.
Wow that was strange. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say fantastic blog!
Howdy! I’m at work browsing your blog from my new iphone 4! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the outstanding work!
My brother suggested I might like this website. He was totally right. This post actually made my day. You cann’t imagine just how much time I had spent for this information! Thanks!
This is very interesting, You are a very skilled blogger. I have joined your feed and look forward to seeking more of your magnificent post. Also, I have shared your site in my social networks!
I know this if off topic but I’m looking into starting my own blog and was wondering what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100% positive. Any tips or advice would be greatly appreciated. Thanks
Outstanding quest there. What occurred after? Good luck!
Отборный мужской эротический массаж Москва релакс спа
You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and very broad for me. I am looking forward for your next post, I will try to get the hang of it!
This is very fascinating, You are an excessively professional blogger. I have joined your feed and look ahead to looking for more of your wonderful post. Also, I have shared your site in my social networks
Hi there, I enjoy reading all of your article. I like to write a little comment to support you.
Good post however , I was wondering if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit more. Thanks!
Hi to all, it’s really a nice for me to pay a visit this web site, it consists of priceless Information.
I loved as much as you will receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.
Hmm it appears like your website ate my first comment (it was extremely long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog blogger but I’m still new to the whole thing. Do you have any suggestions for novice blog writers? I’d genuinely appreciate it.
Great delivery. Outstanding arguments. Keep up the amazing effort.
Hi this is kinda of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding skills so I wanted to get advice from someone with experience. Any help would be greatly appreciated!
[url=https://ma.by/away.php?url=https://vk.cc/cqucV6]omg omg официальный сайт зеркало
[url=]https://dzen.ru/a/ZO_MopZteQ6i1xQ-
[/url]
Your style is very unique compared to other people I have read stuff from. Thank you for posting when you have the opportunity, Guess I will just bookmark this site.
Excellent blog here! Also your website so much up fast! What host are you the use of? Can I am getting your associate link in your host? I want my website loaded up as fast as yours lol
Hi, after reading this remarkable post i am too happy to share my familiarity here with friends.
It’s actually very complex in this busy life to listen news on TV, thus I only use world wide web for that purpose, and get the most recent news.
Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.
Hey there, You have performed a fantastic job. I will definitely digg it and for my part recommend to my friends. I am sure they will be benefited from this web site.
Yesterday, while I was at work, my sister stole my iPad and tested to see if it can survive a 25 foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!
Terrific article! This is the type of information that are meant to be shared around the internet. Disgrace on the seek engines for now not positioning this post upper! Come on over and seek advice from my web site . Thank you =)
We are a group of volunteers and starting a new scheme in our community. Your web site provided us with valuable information to work on. You have done an impressive job and our whole community will be grateful to you.
Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous roommate! He always kept talking about this. I am going to forward this article to him. Pretty sure he’ll have a good read. Many thanks for sharing!
whoah this blog is fantastic i really like reading your articles. Stay up the good work! You realize, a lot of people are searching around for this info, you can help them greatly.
I’m impressed, I must say. Rarely do I encounter a blog that’s equally educative and engaging, and let me tell you, you have hit the nail on the head. The issue is something that not enough people are speaking intelligently about. I am very happy that I stumbled across this in my search for something relating to this.
I loved as much as you will receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get bought an impatience over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.
Simply want to say your article is as surprising. The clearness in your submit is simply nice and i can think you are knowledgeable in this subject. Well together with your permission allow me to take hold of your RSS feed to stay up to date with drawing close post. Thank you one million and please continue the rewarding work.
This piece of writing will help the internet people for building up new weblog or even a blog from start to end.
Howdy this is kinda of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding skills so I wanted to get advice from someone with experience. Any help would be greatly appreciated!
This is the right web site for anyone who really wants to find out about this topic. You understand so much its almost hard to argue with you (not that I personally would want toHaHa). You definitely put a brand new spin on a topic that has been written about for decades. Excellent stuff, just excellent!
I believe what you postedtypedbelieve what you postedwrotebelieve what you postedwrotesaidthink what you postedtypedsaidWhat you postedtypedsaid was very logicala lot of sense. But, what about this?consider this, what if you were to write a killer headlinetitle?content?wrote a catchier title? I ain’t saying your content isn’t good.ain’t saying your content isn’t gooddon’t want to tell you how to run your blog, but what if you added a titleheadlinetitle that grabbed people’s attention?maybe get a person’s attention?want more? I mean %BLOG_TITLE% is a little plain. You ought to peek at Yahoo’s home page and watch how they createwrite news headlines to get viewers to click. You might add a related video or a related pic or two to get readers interested about what you’ve written. Just my opinion, it could bring your postsblog a little livelier.
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why waste your intelligence on just posting videos to your blog when you could be giving us something enlightening to read?
Wonderful goods from you, man. I’ve understand your stuff previous to and you’re just too great. I really like what you’ve acquired here, really like what you’re stating and the way in which you say it. You make it entertaining and you still take care of to keep it sensible. I cant wait to read far more from you. This is actually a terrific website.
If you desire to improve your knowledge only keep visiting this web site and be updated with the most up-to-date information posted here.
hi!,I really like your writing so so much! proportion we keep up a correspondence more approximately your post on AOL? I need an expert in this area to unravel my problem. May be that is you! Looking forward to peer you.
I don’t even know how I ended up here, but I thought this post was good. I don’t know who you are but definitely you are going to a famous blogger if you are not already 😉 Cheers!
Good day! I just want to give you a huge thumbs up for the great info you’ve got here on this post. I’ll be coming back to your website for more soon.
This is very fascinating, You are an overly professional blogger. I have joined your feed and sit up for seeking more of your fantastic post. Also, I have shared your site in my social networks
I constantly spent my half an hour to read this blog’s posts daily along with a cup of coffee.
I know this if off topic but I’m looking into starting my own blog and was wondering what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100% positive. Any recommendations or advice would be greatly appreciated. Kudos
Heya great blog! Does running a blog like this take a great deal of work? I have no expertise in computer programming but I was hoping to start my own blog soon. Anyway, if you have any recommendations or tips for new blog owners please share. I know this is off topic nevertheless I just had to ask. Thank you!
Undeniably consider that that you stated. Your favourite justification appeared to be at the net the simplest thing to bear in mind of. I say to you, I definitely get irked at the same time as other people consider worries that they plainly do not recognize about. You controlled to hit the nail upon the top as smartlyand also defined out the whole thing with no need side effect , other folks can take a signal. Will likely be back to get more. Thank you
Это лучшее онлайн-казино, где вы можете насладиться широким выбором игр и получить максимум удовольствия от игрового процесса.
What’s Taking place i’m new to this, I stumbled upon this I have found It positively helpful and it has helped me out loads. I hope to give a contribution & aid other users like its helped me. Good job.
As the admin of this website is working, no uncertainty very soon it will be famous, due to its quality contents.
Good day! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Nonetheless, I’m definitely happy I found it and I’ll be bookmarking and checking back often!
I’m not sure why but this blog is loading extremely slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later and see if the problem still exists.
Keep on working, great job!
I don’t even understand how I stopped up here, however I assumed this submit was good. I don’t understand who you’re however definitely you are going to a famous blogger for those who are not already. Cheers!
Excellent blog here! Also your website quite a bit up fast! What host are you the use of? Can I am getting your associate link for your host? I want my site loaded up as fast as yours lol
Хотите получить идеально ровный пол без лишних затрат? Обратитесь к профессионалам на сайте styazhka-pola24.ru! Мы предоставляем услуги по стяжке пола м2 по доступной стоимости, а также устройству стяжки пола под ключ в Москве и области.
строительное снабжение
На mehanizirovannaya-shtukaturka-moscow.ru вы найдете услугу штукатурки стен машинным способом. Это оптимальное решение для идеально ровных стен.
Great post.
It’s remarkable to go to see this web site and reading the views of all friends about this post, while I am also eager of getting familiarity.
This is very interesting, You are an overly professional blogger. I have joined your feed and look ahead to in search of more of your great post. Also, I have shared your site in my social networks
When I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and now every time a comment is added I recieve four emails with the same comment. Is there a way you can remove me from that service? Cheers!
This piece of writing will help the internet users for building up new weblog or even a blog from start to end.
Хотите получить идеально ровные стены в своей квартире или офисе? Обратитесь к профессионалам на сайте mehanizirovannaya-shtukaturka-moscow.ru! Мы предоставляем услуги по механизированной штукатурке стен в Москве и области, а также гарантируем качество работ и доступные цены.
Hey there excellent blog! Does running a blog similar to this take a massive amount work? I have virtually no knowledge of computer programming but I was hoping to start my own blog soon. Anyway, if you have any suggestions or tips for new blog owners please share. I know this is off topic nevertheless I just needed to ask. Thanks!
This blog was… how do I say it? Relevant!! Finally I have found something that helped me. Thanks!
I like the valuable information you supply for your articles. I will bookmark your weblog and test again here frequently. I am relatively certain I will be told lots of new stuff right here! Good luck for the following!
Everything is very open with a clear explanation of the issues. It was truly informative. Your website is very useful. Thanks for sharing!
Скорозагружаемые здания: коммерческий результат в каждой части!
В современном обществе, где время – деньги, скоростройки стали истинным спасением для коммерции. Эти современные объекты комбинируют в себе надежность, экономичное использование ресурсов и ускоренную установку, что обуславливает их лучшим выбором для различных бизнес-проектов.
[url=https://bystrovozvodimye-zdanija-moskva.ru/]Каркас быстровозводимого здания из металлоконструкций цена[/url]
1. Срочное строительство: Минуты – основной фактор в экономике, и объекты быстрого монтажа позволяют существенно сократить сроки строительства. Это преимущественно важно в условиях, когда срочно нужно начать бизнес и получать доход.
2. Экономия средств: За счет совершенствования производственных процессов элементов и сборки на площадке, цена скоростроительных зданий часто бывает менее, по отношению к традиционным строительным проектам. Это предоставляет шанс сократить издержки и получить более высокую рентабельность инвестиций.
Подробнее на [url=https://bystrovozvodimye-zdanija-moskva.ru/]scholding.ru[/url]
В заключение, моментальные сооружения – это идеальное решение для коммерческих проектов. Они обладают быстроту возведения, эффективное использование ресурсов и устойчивость, что позволяет им отличным выбором для предприятий, ориентированных на оперативный бизнес-старт и гарантировать прибыль. Не упустите возможность сэкономить время и средства, превосходные экспресс-конструкции для вашего следующего проекта!
This is very interesting, You are an overly professional blogger. I have joined your feed and look forward to in quest of more of your great post. Also, I have shared your site in my social networks
What i do not realize is actually how you’re not really a lot more well-appreciated than you may be right now. You are so intelligent. You recognize therefore significantly with regards to this topic, produced me in my opinion consider it from so many various angles. Its like men and women don’t seem to be fascinated until it’s something to accomplish with Woman gaga! Your personal stuffs nice. All the time care for it up!
I like what you guys are up too. This sort of clever work and exposure! Keep up the excellent works guys I’ve incorporated you guys to blogroll.
Pretty great post. I simply stumbled upon your blog and wanted to mention that I have really enjoyed browsing your blog posts. In any case I’ll be subscribing for your feed and I am hoping you write again soon!
This is my first time visit at here and i am in fact impressed to read all at alone place.
Simply want to say your article is as surprising. The clearness in your post is simply nice and i can assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please keep up the rewarding work.
These are actually great ideas in concerning blogging. You have touched some pleasant points here. Any way keep up wrinting.
A person necessarily help to make critically articles I would state. This is the first time I frequented your web page and to this point? I amazed with the research you made to create this actual submit amazing. Fantastic activity!
Wonderful beat ! I wish to apprentice while you amend your site, how can i subscribe for a blog site? The account aided me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear concept
I go to see daily some websites and blogs to read posts, except this weblog provides quality based articles.
This post provides clear idea in favor of the new viewers of blogging, that really how to do blogging.