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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Real Estate Will Lead the Economic Recovery

Real Estate Will Lead the Economic Recovery | Simplifying The Market

With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country begins to turn around, many experts also agree that real estate has the potential to lead the way in the recovery process.

According to Ivy Zelman of Zelman & Associates:

 “Housing will fare better than expected during this severe downturn.”

In addition, CNBC notes:

“Mortgage demand from home buyers shows unexpectedly strong and quick recovery…The quick recovery has surprised most forecasters.”

Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy of the National Association of Home Builders (NAHB) says:

“Overall, the data lend evidence to the NAHB forecast that housing will be a leading sector in an eventual economic recovery.”

One of the big reasons why housing has the potential to be such a driving force is the significant impact it has on the local economy. This impact is particularly strong when a newly constructed home is built and sold. According to a recent study by the National Association of Realtors (NAR), the average new home sale has a total economic impact of $88,416. As outlined in the graphic below, this is a combination of income generated from real estate industries, expenditures, and new home construction.Real Estate Will Lead the Economic Recovery | Simplifying The MarketWith so many unknowns today, especially in the wake of a worldwide pandemic, one known factor is the bright spark the housing market can play in local and national recovery. Buying and selling a home goes well beyond personal growth and satisfaction – it supports our economy as a whole.

Bottom Line

According to experts, the economy will begin to recover in the second half of this year. With real estate as a driver, that recovery may start sooner than we think.

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
200 Hidden Hills Drive Ormond Beach FL 32174
New Listing - 8 hours on site
1 / 45
$589,900
3
BEDS
3
TOTAL BATHS
2,429
SQFT
200 Hidden Hills Drive Ormond Beach, FL 32174
Single Family Residence For Sale
- Active

Get ready to fall in love with this spacious 2,429 sq ft home that's perfect for growing families and those who love to live big! Featuring 3 bedrooms, 3 full bathrooms, and a versatile flex room with French doors—there's space for a home office, pla

Listing courtesy of Brett Lambert of Signature Homes Realty Group
1051 Ocean Shore Boulevard 1103 Ormond Beach FL 32176
New Listing - 11 hours on site
1 / 36
$495,000
2
BEDS
2
TOTAL BATHS
1,200
SQFT
1051 Ocean Shore Boulevard 1103 Ormond Beach, FL 32176
Condominium For Sale
- Active

Experience breathtaking, unobstructed ocean views from this elegant 2-bedroom, 2-bathroom direct oceanfront residence, located on the 11th floor of the highly desirable Van Lee condominium. This beautifully maintained unit features tile flooring thro

Listing courtesy of Sarah Caudill of Florida Life Real Estate Group
1318 Riverside Drive Holly Hill FL 32117
New Listing - 11 hours on site
1 / 44
$1,050,000
3
BEDS
3
TOTAL BATHS
2,039
SQFT
1318 Riverside Drive Holly Hill, FL 32117
Single Family Residence For Sale
- Active

Boater's Paradise on the Halifax River - Custom Waterfront Retreat! Live the dream in this 2020 custom-built, hurricane-code home on the Halifax River. Located in a non-flood zone with riparian rights, enjoy a private covered dock with electric, wat

Listing courtesy of Mike Flannery of Venture Development Realty, Inc

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Related posts:

  1. How Long Can This Economic Recovery Last?
  2. Experts Predict Economic Recovery Should Begin in the Second Half of the Year
  3. Uncertainty Abounds in the Search for Economic Recovery Timetable
  4. Confused About the Economic Recovery? Here’s Why.

Posted in: Blog, For Buyers, For Sellers, Housing Market Updates

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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