Let's Connect!
JACQUELYN DUKE, REALTOR®
  • Home
  • About
    • Meet the Team
    • Testimonials
  • Buyers
    • Get Your FREE Guide "Buying a Home"!
    • FREE First Time Home Buyer Guide AVAILABLE HERE!
    • Property Search
    • Featured Listings
    • Let Us Find What You Are Looking For
    • Get Pre-Qualified!
    • Affordable Homeownership Resources
  • Sellers
    • Staging That Sells
    • Photography That Sells
    • Video That Sells
    • Marketing That Sells
    • Get Your FREE Guide "Selling Your House"!
  • Investors
  • Renters
  • Resources
    • About Central Iowa
    • Utilities Information
    • Local Vendors & Contractors
    • Affordable Homeownership Resources
    • Real Estate News
  • Blog
  • Contact
  • Privacy Policy
  • Home
  • About
    • Meet the Team
    • Testimonials
  • Buyers
    • Get Your FREE Guide "Buying a Home"!
    • FREE First Time Home Buyer Guide AVAILABLE HERE!
    • Property Search
    • Featured Listings
    • Let Us Find What You Are Looking For
    • Get Pre-Qualified!
    • Affordable Homeownership Resources
  • Sellers
    • Staging That Sells
    • Photography That Sells
    • Video That Sells
    • Marketing That Sells
    • Get Your FREE Guide "Selling Your House"!
  • Investors
  • Renters
  • Resources
    • About Central Iowa
    • Utilities Information
    • Local Vendors & Contractors
    • Affordable Homeownership Resources
    • Real Estate News
  • Blog
  • Contact
  • Privacy Policy

buying and selling doesn't have to be hard.

Don’t Let Frightening Headlines Scare You

4/24/2020

0 Comments

 
Picture
Don’t Let Frightening Headlines Scare You

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, we will continue to see a rash of horrifying headlines over the next few months. Let’s make sure we aren’t paralyzed by a headline before we get the full story.
When it comes to the health issue, you should look to the Centers for Disease Control and Prevention (CDC) or the World Health Organization (WHO) for the most reliable information.
Finding reliable resources with information on the economic impact of the virus is more difficult. For this reason, it’s important to shed some light on the situation. There are already alarmist headlines starting to appear. Here are two such examples surfacing this week.
1. Goldman Sachs Forecasts the Largest Drop in GDP in Almost 100 YearsIt sounds like Armageddon. Though the headline is true, it doesn’t reflect the full essence of the Goldman Sachs forecast. The projection is actually that we’ll have a tough first half of the year, but the economy will bounce back nicely in the second half; GDP will be up 12% in the third quarter and up another 10% in the fourth.
This aligns with research from John Burns Consulting involving pandemics, the economy, and home values. They concluded:
“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices), and some very cutting-edge search engine analysis by our Information Management team showed the current slowdown is playing out similarly thus far.”
The economy will suffer for the next few months, but then it will recover. That’s certainly not Armageddon.
2. Fed President Predicts 30% Unemployment!That statement was made by James Bullard, President of the Federal Reserve Bank of St. Louis. What Bullard actually said was it “could” reach 30%. But let’s look at what else he said in the same Bloomberg News interview:
“This is a planned, organized partial shutdown of the U.S. economy in the second quarter,” Bullard said. “The overall goal is to keep everyone, households and businesses, whole” with government support.
According to Bloomberg, he also went on to say:
“I would see the third quarter as a transitional quarter” with the fourth quarter and first quarter next year as “quite robust” as Americans make up for lost spending. “Those quarters might be boom quarters,” he said.
Again, Bullard agrees we will have a tough first half and rebound quickly.
Bottom LineThere’s a lot of misinformation out there. If you want the best advice on what’s happening in the current housing market, let’s talk today.
0 Comments



Leave a Reply.

    RSS Feed

    View my profile on LinkedIn

    Picture

      Subscribe to my monthly e-Newsletter The HOUSE Bulletin!

      You'll Receive:
      Monthly Giveaways
      Central Iowa Entertainment News
      Family Updates
      Opportunities for Community Service
      House Maintenance Tips

      ​
      And of course... Real Estate Advice!!!

    Keep Me Updated!

    Let's Connect

    With the correct person by your side, the buying and selling process doesn't have to be full of stress, doubt and anxiety - it can actually be FUN!
    ​Contact Jacquelyn Duke today to learn more!

    Archives

    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    September 2018
    April 2018
    March 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    July 2017
    March 2017
    December 2016

    Categories

    All
    Featured Listings For Sale

    Jacquelyn Duke, Realtor®
    Licensed to Sell in the State of Iowa


    [email protected]
    (515) 240-7483
    ​

    Realty One Group Impact 
    617 SW 3rd Street Ste 101
    Ankeny, IA 50023

    ​Disclaimer: The material on this site is solely for informational purposes. No warranties or representations have been made.
    Picture
Proudly powered by Weebly