April 27th UPDATE! Dare County officials say they were caught off guard when Currituck officials last week announced they would allow visitors to return to the northern beaches of Corolla and Carova as soon as May 15. Now that date is off the table. See below. It is April 22nd, and we have a plan […]
It is April 22nd, and we have a plan from Dare County. I am happy I don’t have to make these decisions! On this issue, it is tough to balance the needs and desires of all of us who have an interest in The Outer Banks. There is no past history to draw upon for […]
It is mid-April 2020. With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of […]
It is April 15th, 2020, and some business still has to happen. Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether, with your job or your family situation, you may be in a position where […]
Recession? Yes. Housing Crash? No.
By mooseobx in with 0 Comments
Monday, April 13, 2020. 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? What is a recession? According to the National Bureau of Economic Research: “A […]
Today is April 8, 2020. Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of […]
It is April 4th, 2020. As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic […]
There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well. Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, […]
Today is March 25, 2020. With posts such as this, I think it is important to date stamp them. The world is changing quickly! With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about […]
This was posted on March 25, 2020. More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. 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, […]