Articles

The Centers for Disease Control and Prevention has proposed guidelines for prioritizing who receives future COVID-19 vaccinations, highlighting nursing home employees in particular. In a Wednesday presentation, the agency’s Advisory Committee on Immunization Practices laid out scenarios for vaccine delivery targeting groups at high risk from severe disease. These include 17 million to 20 million U.S....

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market, including the market for RCFEs. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand – Growth in online search activity Home Price–...

We see it all the time.  A Seller asks to meet with the objective of selling  their, RCFE home and business.  They have a general idea what their home could sell or lease for, and have a number in mind for what they want to sell their business for.  They know basically how much revenues and expenses are each month, but they don’t have financial statements which support the price they are hoping to...

The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand exactly what’s going on and what it means relative to the road ahead. We’ve talked before about what experts expect in the second half of this year, and today that...

America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in unimaginable ways. Even with all of that uncertainty, the residential real estate market, and by extension, the market...

Even though housing came to a standstill in April, the market for RCFEs roared back and trends have developed that foreshadow continued strength.   RCFE Housing Trends With a low supply and strong demand, the market has not been this hot since 2013. It was sudden. It was unnerving. Nobody had seen anything like it in their lifetime. A pandemic unfolded before everyone’s eyes. Major sports leagues...

Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. This also applies to RCFE homes.  CoreLogic, in their latest Home Price Index (HPI) said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which would be the first decrease in annual home prices in over 9...

In a recent survey of RCFE home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that RCFE home purchasers are still very active...

Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales Index (PHS) is: “A leading indicator of housing activity, measures housing...

On Monday, June 8, 2020, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the...