Ecomony

Ecomony Latest Ranking CoreLogic produces one of the most respected and widely-used home price index reports in the United States. They track home price appreciation in the largest markets across the Country. Here are the highlights from their most recent report: Home prices are up 9.2% Nationally This is the highest increase since February, 2014 Denver ranks fourth […]
Buying a Home What the Experts Say Below are what two experts have to say about the 2021 real estate market. Speaking of experts, it’s time to tell you that our annual Real Estate Market Forecast with our own Chief Economist Matthew Gardner will be January 14th from 11:30 to 1:00.  Be sure to join live so you can engage with the […]
builder confidence Home Builder Confidence Hits All-Time Record Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes. As […]
Ecomony Experts Weigh-In on the Remarkable Strength of the Housing Market 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 […]
Ecomony What Are Experts Saying About Home Prices? Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index 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 […]
Ecomony Mondays with Matthew
Ecomony A Historic Rebound for the Housing Market 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, […]
Ecomony Latest Unemployment Report: Great News…for the Most Part The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent news as the […]
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Ecomony Is the Economic Recovery Already Underway? The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the coronavirus pandemic.” Clearly, the […]
Ecomony Mondays with Matthew
Ecomony Caught Up We’ve been waiting for June to catch up.  It finally happened (almost).   Back in April, real estate activity was significantly limited and the showing of property was restricted which caused the number of closed properties in May and early June to be much lower than last year.   Bottom line, fewer properties going under […]
Ecomony Real Estate Will Lead the Economic Recovery With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country […]
Ecomony The Shocking News in the Unemployment Report Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate fell to 13.3% and employers added 2.5 […]
Ecomony Economists Forecast Recovery to Begin in the Second Half of 2020 With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned […]
Buying a Home Will Home Values Appreciate or Depreciate in 2020? With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real […]
Ecomony Housing Market Positioned to Bring Back the Economy 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 […]
Ecomony Unemployment: Hope on the Horizon Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. There is […]
Ecomony Why Home Equity Is a Bright Spark in the Housing Market Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase […]
Ecomony What the Numbers Say April represents the first time we can look at the impact of COVID-19 on a full month of real estate activity. To no one’s surprise, activity in April in terms of closings and new contracts did slow significantly. Much of this slowing was caused by in person showings not being allowed for most of the […]
Ecomony Will Surging Unemployment Crush Home Sales? Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. Louis, explained that the […]