For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving.
Here’s a look at what a few of the experts have to say about today’s astonishing recovery. In more than one instance, it’s being noted as truly remarkable.
“Recent home purchase measures have continued to show remarkable strength, leading us to revise upward our home sales forecast, particularly over the third quarter. Similarly, we bumped up our expectations for home price growth and purchase mortgage originations.”
"At face value this is remarkable given the scale of joblessness in the economy and the ongoing uncertainty relating to the path of Covid-19…The outlook for housing transactions, construction activity and employment in the sector is looking much better than what looked possible just a couple of months ago."
The strength of the housing market is a bright spark in the economy and leading the way to what is truly being called a remarkable recovery throughout this country. If you’re thinking of buying or selling a home, maybe this is your year to make a move after all.
Author:Douglas Smith Dated: July 21st 2020 Views: 107 About Douglas: Hi, I'm Douglas Smith, and I am a full-time/full-service REALTOR® at DouglasSmithTeam.com in Dallas...
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"***** Highly likely to recommend 05/16/2017 Can't say enough about this guy everything was stellar I was a bit nervous so am I home before moving into another one but he ease the process and made me feel more at ease I found them in the newspaper 12 years ago when I bought my first home that's right newspaper kept his phone number for 10 years decided I wanted to move ask him if he was still in the business they promised me to have my house sold in three weeks or less and he did that he sold it so fast he had a put me in a Hotel all in all this guys very aggressive for the buyer he even save me an extra $10,000 on my house he was not going to tell me until closing I wouldn't consider using anyone else matter fact soon as I get my truck paid I'm gonna buy a Lakehouse and he will be my realtor thank you Doug you're awesome and the guys at Mid-America mortgage is awesome as well he is very well connected and gets everything accomplished good luck!"