https://www.bloomberg.com/news/features/2020-05-28/coronavirus-lockdown-crushed-economies-jobs-energy-and-shops This article provides several graphs illustrating how deeply the coronavirus induced lockdown has crushed economies around the world. We can use this to predict real estate values in 2020 or 2021, at least for properties that don’t have positive Read more…
Category: Predictions
https://www.marketwatch.com/story/vacation-real-estate-markets-are-toast-because-of-the-pandemic-as-airbnb-owners-rush-to-offload-their-homes-redfin-ceo-says-2020-05-11 The above article indicates that vacation real estate markets are “toast,” according to the CEO of Redfin. Vacation rentals certainly haven’t been rented out during the shut-down caused by COVID-19. Vacation rentals often require high short term rents in Read more…
https://www.dailymail.co.uk/news/article-8315081/Coronavirus-UK-Homes-flood-market-desperate-owners-battle-sell.html The above article indicates that homes are flooding the market in the UK. This information can be used to make real estate predictions for 2020 that are unfavorable, at least in the UK. Their market is not necessarily the Read more…
https://therealdeal.com/2020/05/18/mystery-investor-dumps-big-stake-in-real-estate-fund/ An unknown institution dumped more than 10.5 million shares of an exchanged-traded fund that tracks the S&P 500’s real estate sector last week, according to the above article. That many shares represents 7.4 percent of outstanding shares of the Read more…
https://www.scmp.com/comment/opinion/article/3077679/post-coronavirus-us-will-want-weaker-dollar-whether-world-likes-it Before COVID-19, President Trump was not a fan of the high U.S. dollar. He stated: As your President, one would think that I would be thrilled with our very strong dollar. I am not! The Fed’s high interest rate Read more…
The Federal Reserve chair, Jerome H. Powell, stated on Wednesday that the United States was experiencing an economic downturn “without modern precedent.” The downturn could permanently damage the economy unless the government provides more bailouts to prevent bankruptcies and lengthy Read more…
Ingo Winzer, of Local Market Monitor, winner of the 2019 Crystal Ball award, has some real estate predictions for 2020. He predicts that real estate will not suffer a crash like the one after 2008. Reasons for this is that Read more…