Housing Market Positioned to Bring Back the Economy

Housing Market Positioned to Bring Back the Economy | Simplifying The Market

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 question that assertion as they look back on the last recession in 2008 when housing was the anchor to the economy – holding it back from sailing forward. But even then, the overall economy did not begin to recover until the real estate market started to regain its strength. This time, the housing market was in great shape when the virus hit.

As Mark Fleming, Chief Economist of First American, recently explained:

“Many still bear scars from the Great Recession and may expect the housing market to follow a similar trajectory in response to the coronavirus outbreak. But, there are distinct differences that indicate the housing market may follow a much different path. While housing led the recession in 2008-2009, this time it may be poised to bring us out of it.”

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#1 Financial Benefit of Homeownership: Family Wealth

#1 Financial Benefit of Homeownership: Family Wealth | Simplifying The Market

While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the home. So, what exactly is equity?

The equity in your home is the amount of money you can sell it for minus what you still owe on the mortgage. Every month you make a mortgage payment, and every month a portion of what you pay reduces the amount you owe. That reduction of your mortgage every month increases your equity.

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2020 Homeowner Wish List [INFOGRAPHIC]

2020 Homeowner Wish List [INFOGRAPHIC] | Simplifying The Market

2020 Homeowner Wish List [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • In a recent study by realtor.com, homeowners noted some of the main things they would change about their homes to make them more livable.
  • Not surprisingly, more space, an updated kitchen, and a home gym rose to the top of the list.
  • If you’re thinking of selling this year, having these items in your listing might make your house more desirable than ever to potential buyers.

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Will the Housing Market Turn Around This Year?

Will the Housing Market Turn Around This Year? | Simplifying The Market

Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If you’re trying to figure out what’s going to happen and how to play your cards this year, you’re not alone.

This spring in the 2020 NAR Flash Survey: Economic Pulse, the National Association of Realtors (NAR) has been tracking the behavior changes of homebuyers and sellers. In a reaction to their most recent survey, Lawrence Yun, Chief Economist at NAR, noted the beginnings of a turn in the market:

“After a pause, home sellers are gearing up to list their properties with the reopening of the economy…Plenty of buyers also appear ready to take advantage of record-low mortgage rates and the stability that comes with these locked-in monthly payments into future years.”

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A Surprising Shift to the ‘Burbs May Be on the Rise

A Surprising Shift to the ‘Burbs May Be on the Rise | Simplifying The Market

While many people across the U.S. have traditionally enjoyed the perks of an urban lifestyle, some who live in more populated city limits today are beginning to rethink their current neighborhoods. Being in close proximity to everything from the grocery store to local entertainment is definitely a perk, especially if you can also walk to some of these hot spots and have a short commute to work. The trade-off, however, is that highly populated cities can lack access to open space, a yard, and other desirable features. These are the kinds of things you may miss when spending a lot of time at home. When it comes to social distancing, as we’ve experienced recently, the newest trend seems to be around re-evaluating a once-desired city lifestyle and trading it for suburban or rural living.

George Ratiu, Senior Economist at realtor.com notes:

“With the re-opening of the economy scheduled to be cautious, the impact on consumer preferences will likely shift buying behavior…consumers are already looking for larger homes, bigger yards, access to the outdoors and more separation from neighbors. As we move into the recovery stage, these preferences will play an important role in the type of homes consumers will want to buy. They will also play a role in the coming discussions on zoning and urban planning. While higher density has been a hallmark of urban development over the past decade, the pandemic may lead to a re-thinking of space allocation.”

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Beachside Homes For Sale With Fenced Yards

Beachside Homes For Sale With Fenced Yards In Greater Daytona Beach Area

Are you looking for a home on the beachside of the greater Daytona Beach area? Do you have children or a dog and need a fenced yard? Take a look at this list I have put together for you today. If you would like to see any of these homes please give me “James Jestes” a call 386-315-4744 I would be happy to answer any questions you have about any home for sale here in the Greater Daytona Beach area.

Beachside Homes For Sale With Fenced Yard
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This home is a 3 bedroom, 3 bathroom home in the community of Ortona. $475,000
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Believe It!This is a 6Bed,4Bath home with hardwood and ceramic tile throughout.Quartz counter tops,3-yr old-cabinets and appliances, all stainless steel in both kitchens.Two-car garage with off street parking for six or seven vehicles.Has a new roof,hot water heaters, and both washers and dryers replaced in the past 3yrs.New paint both and out.This home is currently being used as a legal multi-family duplex.Currently split as a 4bed/2bath and a 2bed/2bath. With the addition of a doorway it can be brought back to a large 6bed/4baths-3 of the rooms are master bedrooms…….

 

Beachside Homes For Sale With Fenced Yard
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This home is a 2 bedroom, 2 bathroom home in the community of Seaside Homes. $366,500
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Escape to your true Beachside Paradise! Fully fenced double lot, gated property features a large brick paver, circular driveway leading into your very own personal oasis! Adorable turn-key cottage offers a peaceful and tranquil lifestyle. Experience the coastal feel of this home in the open living area with vaulted ceiling, a skylight lets the sunshine pour into updated kitchen with quartz countertops and bonus, convenient inside laundry. Master bedroom has abundant walk-in closet and en-suite Master bath with jetted tub, plus an exterior door leading out to a large screened in patio. Tropical solar heated pool with waterfall, special outdoor lighting, barbeque area with gas & smoker grill. Come home to this quaint, coastal piece of Florida paradise! A Must See to Appreciate!…….

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Luxury Homes For Sale In Ponce Inlet, Florida

Luxury Homes For Sale In Ponce Inlet, Florida

Are you looking for the luxury home of your dream and it has to be in that perfect location like Ponce Inlet, nestled between the Intracoastal waterway and the Atlantic Ocean? You’re not going to want to miss this list of luxury homes. They are stunning!!! If you would like to see any of these homes please give me “James Jestes” a call 386-315-4744 I would be happy to answer any questions you have about any home for sale here in Port Orange or the Greater Daytona Beach area.

 

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The Latest Ponce Inlet Luxury Homes For Sale

Why the Housing Market Is a Powerful Economic Driver

View All Luxury Homes And Condos In The Greater Daytona Beach Area Here

Search All Of The Daytona Beach Communities & Call James Jestes @ 386-315-4744 to Schedule a Tour! Daytona Beach, Ormond Beach, Port Orange, Daytona Beach Shores, New Smyrna Beach, Ponce Inlet  
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Florida Pool Homes For Sale In Ormond Beach Seabreeze High School District

Florida Pool Homes For Sale In Ormond Beach Seabreeze High School District

Are you looking for a great pool home in Ormond Beach Florida’s Seabreeze high school district?  take a look at the homes listed below. If you would like to see any of these homes please give me “James Jestes” a call 386-315-4744 I would be happy to answer any questions you have about any home for sale here in Ormond Beach or the Greater Daytona Beach area.

Homes with pools For Sale In The Seabreeze High School district
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This home is a 4 bedroom, 3 bathroom home in the community of Halifax Plantation. $725100
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NEW CONSTRUCTION MOVE IN READY Golf Community Halifax Plantation. 4 bedrooms, 3 baths ,3 car garage 2500 sf ft Pool Home on Pond. This home has so many upgrades attached is the long list. Halifax Model having Gourmet Kitchen, with Smart Home Appliances, Open entertainment area leading out to the state of the Art Pool including Summer Kitchen, oversized paved Lanai with 2 fire pits a fireplace in Great Room and one in 4th room. Ceilings are 10′ plus. Crown Molding, trey ceiling with steps, luxury built. all backing up to a lake for awesome views and privacy. The Builder, Vanacore Homes Builder has developed luxury communities and constructed quality homes in the Florida area since 1991. Easy to show .…….

 

Homes with pools For Sale In The Seabreeze High School district
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This home is a 7 bedroom, 7 bathroom home in the community of Broadwater. $1325000
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Magnificent custom designed and built pool home in the exclusive Broadwater community! This stunning estate home exudes quality! Built with a designer eye and to exact design specifications, this lovingly maintained family home is being offered for the first time. Set beautifully on a lushly landscaped acre with specimen plantings and gorgeous gardens, this luxurious home is certain to impress! The welcoming entry gives way to a 19 by 16, two-story reception hall graced with a grand, custom circular staircase that has provided the current owners a fabulous backdrop for photos at holidays and family occasions. Gorgeous Emperador marble adds to the drama and leads you to the stunning great room at the back of the home. The custom architectural ceiling and overlook from the second story…….

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Unemployment Report: No Need to Be Terrified

Unemployment Report: No Need to Be Terrified | Simplifying The Market

Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now. That pain should not be understated.

However, the long-term toll the pandemic will cause should not be overstated either. There have been numerous headlines claiming the current disruption in the economy is akin to the Great Depression, and many of those articles are calling for total Armageddon. Some experts are stepping up to refute those claims.

In a Wall Street Journal (WSJ) article this past weekend, Josh Zumbrun, a national economics correspondent for the Journal explained: Continue reading…

New Listings Port Orange Homes For Sale

Have you seen what’s new for sale in Port Orange Florida?

Port Orange has top schools, access to the ocean, and so much fun for anyone or any family that loves the great outdoors. Check out these latest listings below. Give me a call today and lets talk about how I can help you find your new home and move to Port Orange Florida – James Jestes 386-315-4744

Port Orange Home For Sale
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This home is a 3 bedroom, 2 bathroom home in the community of Allandale. $149900
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Come on in to appreciate this affordable 13BR/2Bath home with detached one car garage in Port Orange under $150,000! Remodeled eat-in kitchen with ample cabinets with pull-out drawers.. Tiled floors throughout with the exception of 2 bedrooms. Owners suite has updated bath with large walk-in shower, and higher sink. Plenty of closet space with pantry, linen closet, front entry closet, and walk-in closets in both owners suite and 2nd bedroom! Convenient inside washer/dryer included. Updates include new electric panel and hot water heater. Plenty of storage space with 1 car garage, sheds and floored attic space with pull down stairs. Well pump and sprinkler system for irrigation. Rear lanai with built in picnic table. Need space for RV, camper, boat, trailer? Extended driveway…….

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