Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed: “The March ShowingTime Showing Index® recorded the first nationwide drop in Meet Our Team
COVID-19
Investigating The Impact: Nevada County Businesses, Governments, Nonprofits
While the list of nonessential workplaces is lengthy, there are still many — including builders, government agencies, medical clinics, health care institutions, and nonprofits — trying to navigate uncertain economic times that may last long after the threat of coronavirus has subsided. “It’s been a little bit of a mixed bag so far,” Nevada County Contractors’ Association Executive Director Libby Meet Our Team
What Impact Might COVID-19 Have on Home Values?
A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how many items are available in relation to how many consumers want to buy that item. In Meet Our Team
Will This Economic Crisis Have a V, U, or L-Shaped Recovery?
Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover? Let’s look at the possibilities. Here are the three types of recoveries that follow most economic slowdowns (the definitions Meet Our Team
Stricter COVID-19 safety order not likely in Nevada County
Despite public calls for stricter measures on businesses still open, health officials said additional orders are not likely at this time. “We’ve been getting a lot of citizens calling concerned about lack of mask and glove use,” Nevada County Environmental Health Director Amy Irani said. “That’s been our biggest question.” Irani said the health department recommends businesses use masks and Meet Our Team
Why the Stock Market Correction Probably Won’t Impact Home Values
With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent from October 2007 to March 2009, and home values did depreciate in 2007, 2008, and Meet Our Team
