According to the WSJ, 85.3% of economists believe an economic recovery will begin in the second half of 2020. Let’s connect to discuss how the expert forecast may influence your plans in the housing market this year.
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 real estate economic recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, … Read More about Real Estate Economic Recovery Update
The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of … Read More Real Estate Economic Recovery News
With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this real estate economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the … Read More About Real Estate Economic Recovery Update
Economists Forecast Recovery to Begin in the Second Half of 2020 | Real Estate Economic Recovery Update
With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned on when the real estate economic recovery will begin.
According to the latest Wall Street Journal Economic Forecasting Survey, which polls more than 60 economists on a monthly basis, 85.3% believe a real estate economic recovery will begin in the second half of 2020 (see graph below):There seems to be a growing consensus among these experts that the second half of this year will be the start of a turnaround in this country.
Chris Hyzy, Chief Investment Officer for Merrill notes:
“We fully expect the economy could begin to pick up in late June and July with a strong real estate economic recovery in the fourth quarter.”
In addition, five of the major financial institutions are also forecasting positive GDP in the second half of the year. Today, four of the five expect a real estate economic recovery to begin in the third quarter of 2020, and all five agree a real estate economic recovery should start by the fourth quarter (see graph below):
One of the biggest questions we all seem to be asking these days is: When are we going to start to see an real estate economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to … Read More Real Estate Economic Recovery Update