All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. Some may question that assertion as they look back on the last recession in 2008 when housing was the anchor to the economy – holding it back from sailing forward. But even then, the overall economy did not begin to recover until the real estate market started to regain its strength. This time, the housing market was in great shape when the virus hit. As @DrFrankNothaft, the Chief Economist for CoreLogic, tweeted, “For the first 6 decades after WWII, the housing sector led the rest of the economy out of each recession. Expect it to do so this time as well.” Every time a house is sold, it has a tremendous financial impact on local economies. DM me if you think you’re in a position to help be an economic driver in our community this year too. #CoreLogic #NAHB #FirstAmerican #economists #realestate #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #realestateagents #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters https://www.instagram.com/p/CAYL4PRHc-G/?igshid=1m5s5owqstrnx
