When is the economy💵 going to recover?
Here is a question that keeps coming up and we keep getting asked. The question is….When is the economy💵 going to recover?
Hi this is your friend Carlitos Zapata with Pitbull🐶 Realty
I feel it’s important to look at the facts. The american economy💵 it’s like someone hit the pause button▶️. Very different from 2008, the 2008 crash came fast ➡️and we had to rebuild the housing🏠 and mortgage market🏪. It was like a tsunami🌊 came and wiped out the housing market🏪. Now we are at a halt▶️, but eventually we will be going back to work. So it’s a different type of recovery. Golden Sacks, JP Morgan and Morgan Stanley are calling for a Rapid V Type of Recovery.
John Burns🔥 Consulting major consulting firm in the Real Estate🏠 Industry has studied past pandemics and they state: “Historical analysis showed us that pandemics are usually V-Shaped (Sharp recessions that recover quickly enough to provide little⬇️ damage to home🏠 prices💵, and some very cutting-edge search engine⚙ analysis by our information management teams showed the current slowdown is playing out similarly thus far.”
Also, Harvard Business Review states “It’s worth looking back at history to place🏠 the potential impact path of Covid-19 empirically. In fact, V-shapes monopolize the empirical landscape of prior shocks, including epidemics such as SARS, known as the 1968 H3N2 (“Hong Kong”) flu😷, 1958 H2N2 known as the (“Asian”) flu😷, and 1918 Spanish Flu😷.” So in past pandemics we saw V-Shaped patterns.
So yes, it’s a crazy wild ride🛤 right now, everyone has been delayed▶️ and put on pause. So experts are anticipating once the pandemic restrictions and people go back to work🔨 people will still need and want to buy, and the housing🏠 market🏪 will go back to normal.
Hey, I’m not giving my opinion, I’m just stating what experts are saying and I thought it could be of service to you. Feel free💵 to reach out to me here at Pitbull Realty 🏠 with any questions❔ or concerns, we are always here to help.
This is your friend Carltios Zapata from PITBULL🐶 REALTY
REAL ESTATE WITH LOYALTY AND LOVE♥️