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The Housing Market Is Positioned to Help the Economy Recover

The Housing Market Is Positioned to Help the Economy Recover [INFOGRAPHIC] | MyKCM

Some Highlights

  • Expert insights are painting a bright future for housing when the economy bounces back – and it will.
  • We may be facing challenging economic times today, but the housing market is poised to help the economy recover, not drag it down.
  • Let’s connect to make sure you’re informed and ready when it’s time to make your move.
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Looking to the Future: What the Experts Are Saying

Experts say that as our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we’ve seen play out in the U.S. economy many times over.

Here’s a look at what leading experts and current research indicate about the economic impact we’ll likely see as a result of the coronavirus. It starts with a forecast of U.S. Gross Domestic Product (GDP).

According to Investopedia:

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of the country’s economic health.

When looking at GDP (the measure of our country’s economic health), a survey of three leading financial institutions shows a projected sharp decline followed by a steep rebound in the second half of this year:Looking to the Future: What the Experts Are Saying | MyKCM

A recent study from John Burns Consulting also notes that past pandemics have also created V-Shaped Economic Recoveries like the ones noted above, and they had minimal impact on housing prices. This certainly gives hope and optimism for what is to come as the crisis passes.

With this historical analysis in mind, many business owners are also optimistic for a bright economic return. A recent PricewaterhouseCoopers survey shows this confidence, noting 66% of surveyed business owners feel their companies will return to normal business rhythms within a month of the pandemic passing, and 90% feel they should be back to normal operation 1 to 3 months after:Looking to the Future: What the Experts Are Saying | MyKCMFrom expert financial institutions to business leaders across the country, we can clearly see that the anticipation of a quick return to normal once the current crisis subsides is not too far away. In essence, this won’t last forever, and we will get back to growth-mode. We’ve got this.

Bottom Line

Lives and businesses are being impacted by the coronavirus, but experts do see a light at the end of the tunnel. As the economy slows down due to the health crisis, we can take guidance and advice from experts that this too will pass.

Broker is Certified ABR® Course Instructor

ABR Certified InstructorNextHome Realty Select Announces Broker/Owner Curtis Siever as a NextHome Certified Instructor for the Accredited Buyer’s Representative (ABR®) Designation Course

Every year, NextHome hosts a Franchise Owner Summit that brings together franchise owners and brokers from across the country with corporate and industry leaders. The event provides attendees with the first glance at new technology and products, allows them to network with other NextHome members, and to share strategies on elevating their business.

NextHome rolled out a brand new program at last week’s Franchise Owner Summit in Denver. Brokers and owners had the opportunity to register and complete our inaugural Train the Trainer course, a NextHome accreditation program.

train_the_trainer-790x500Completing the course, in addition to meeting other prerequisites, has resulted in 35 franchise owners becoming NextHome Certified Instructors. Their office locations across the country are now National Association of REALTORS® approved sites where our NextHomies can teach the NAR Accredited Buyers Representative (ABR) course.

Given that over 50 percent of all agents inquire about the ABR designation, this is a game-changing opportunity for the first class of NextHome Certified Instructors to host training in their office locations and connect with local real estate professionals.

NextHome Realty Select would like to recognize Broker/Owner Curtis Siever, who completed the Train the Trainer course in Denver and is now ready to spread his knowledge with agents in his sphere.

Contact:

Elizabeth Taylor
540.667.9097 ext. 713
elizabeth@nexthomerealtyselect.com