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. 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 – Growth in asking prices Meet Our Team
COVID-19
Should We Be Looking at Unemployment Numbers Differently?
The New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief Economist at Indeed, the world’s largest online jobs site. Previously, he was Chief Meet Our Team
Statewide industry guidance to reduce risk
Article From COVID19.CA.gov As California reopens, every business will need to create a safer, low-risk environment. If you own or manage a business, follow the guidance below to protect your workers and customers. The industry-specific guidance below applies to businesses statewide. Review the guidance that is relevant to your workplace, make a plan, and put it into action. Post your Meet Our Team
This Summer Is the 2020 Real Estate Season
With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate. Joel Kan, Economist at The Mortgage Bankers Meet Our Team
Decline in Travel spending – Impact on Truckee
With much reliance on its tourism industry, Truckee is preparing for the economic impact from losses in visitor spending due to the outbreak of COVID-19. In early May, Tourism Economics released a report that projected California will lose $72.1 billion in travel-related spending in 2020. The lost amount is nearly half of what the state generated in 2019. “If 50% is the baseline used to forecast Meet Our Team
Truckee Tourism Economic Impact; 50% Decline in Travel Spending Possible
FOR IMMEDIATE RELEASE VISIT CALIFORNIA’S FORECAST FOR 50% DECLINE IN TRAVEL SPENDING FOR 2020 SUGGESTS DEEP ECONOMIC IMPACTS FOR TRUCKEE, CALIFORNIA Coronavirus pandemic has significant implications on Truckee’s tourist-based economy; economic impact report demonstrates importance of tourism to sustain community’s essential services and way of life TRUCKEE, Calif. (June 1, 2020) Meet Our Team
