Key Highlights
Labor Department reported another 2.4M filed claims for unemployment last week
Total unemployed since March now 38.6M people
Hardest hit cities and states by pandemic include tourist-dependent locations
The country is still shredding jobs nine weeks after the coronavirus began spreading in March. This last week an additional 2.4M people filed claims for unemployment benefits, according to the...
Listen now to Tim and Julies unhinged, unscripted Sunday Special Show. Nothing is off limits with today's show....Big Foot, Aliens and Sex Dolls are all topics of todays podcast. And yes of course, your latest real estate news headlines. Listen Now.
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Key Highlights
Americans now cutting their spending and credit card debt
US credit card debt plummeted by largest percentage in +30 years in March and April
Savings rates now highest since 1980’s
Just as the COVID pandemic changed our economy in a flash, US consumers changed their financial behaviors with the same alacrity. No more spending on “extras,” no more...
Key Highlights
City-dwellers and foreign buyers want homes with land and space
Locals complain urban dwellers could bring COVID 19 to outposts in the UK like Cornwall in South West England
According to Rightmove, a top property website in the UK, increasing numbers of British residents are looking for homes in the country's rural countryside and in remote areas of...
Key Highlights
Google Meet videoconferencing service has new features
Google Meet being offered free to all during COVID crisis
Google Meet to be eventual replacement for Google Hangouts but for now, both services currently running
Zoom came out of nowhere to become the number one videoconferencing service now being used. (One positive thing to come from the COVID pandemic?) Will...
Key Highlights
Economy’s make or break moment could center around when economy reopens for business
Mark Zandi, chief economist with Moody’s Analytics, warns of reopening too soon
Mark Zandi, Moody Analytics’ chief economist, told CBNC’s “Trading Nation” that if the economy’s reopening ignites new COVID infections, the economy would drown.
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Listen now to Tim and Julie Harris focus on all the latest housing and economic news. With confusing and conflicting economic news (and housing reports) its becoming difficult to know what to do now. How long will this housing boom last? What happens once this (mini) housing boom is over? Where will mortgage interest rates be over the next...
Key Highlights
States reopening slowly and buyers coming to buy
Sellers not selling and pulling listings
Buyers were ready, willing and able for the week ending May 2 but realtor.com indicated that total listings were down -19% annually and new listings were down -39%. No wonder the country’s homebuilders are seeing such an uptick in demand. Buyers are wanting to...
Key Highlights
Offerpad, Redfin and Opendoor resuming operations
Offerpad returning in more than 800 cities
Opendoor starting to do business in Phoenix and Raleigh-Durham
Redfin relaunching in Austin, Denver and the Inland Empire, east of Los Angeles
Redfin’s iBuying segment, Redfin Now, is restarting in Austin, Denver and California’s Inland Empire east of Los Angeles. Redfin’s CEO, Glenn Kelman, said...
Listen now as Tim and Julie Harris review and comment on today's top real estate headlines. As the country slowly comes out of quarantine all indications are that the SELLERS MARKET has returned. On todays show Tim and Julie drill down on how long the sellers market will last and what comes next. With a world full of competing,...