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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
2894 Hardy Avenue New Smyrna Beach FL 32168
New Listing - 13 hours on site
1 / 44
$619,900
4
BEDS
2
TOTAL BATHS
2,083
SQFT
2894 Hardy Avenue New Smyrna Beach, FL 32168
Single Family Residence For Sale
- Active

Live Where Others Vacation — Brand New Atlas XL Coastal Home by Maier James Welcome to the Atlas XL, a new coastal retreat by renowned luxury builder Maier James—where everyday living feels like a getaway. Tucked into one of the area's best-kept s

Listing courtesy of Mark Straka of Life Real Estate
268 Somerville Drive Ponte Vedra FL 32081
New Listing - 16 hours on site
1 / 60
$819,000
5
BEDS
4
TOTAL BATHS
2,754
SQFT
268 Somerville Drive Ponte Vedra, FL 32081
Single Family Residence For Sale
- Active

Welcome to refined coastal living in the highly sought-after Seabrook Village of Nocatee. Built in 2023 by Providence Homes, this thoughtfully designed 5-bedroom, 4-bath residence offers the perfect blend of elevated style and everyday functionality.

Listing courtesy of Brittany Raia of Simply Real Estate
406 Phillips Creek Lane New Smyrna Beach FL 32168
Open House Sat, Jun 28, 11 AM
1 / 41
$599,900
3
BEDS
2
TOTAL BATHS
2,170
SQFT
406 Phillips Creek Lane New Smyrna Beach, FL 32168
Single Family Residence For Sale
- Active

Your Coastal Escape Awaits in Lakewood Terrace!! Welcome to this beautifully maintained executive home in the highly desirable coastal community of New Smyrna Beach — just 15 minutes from the Beaches! Conveniently located near everything, you will lo

Listing courtesy of Travis Ford of RE/MAX Signature

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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

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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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