Kirkwood Newsfeed Monday December 15, 2025
Page 4
Is a Recession Here? Yes. Does that Mean a Housing Crash? No.
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday June 10, 2020
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:
“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”
Everyone realizes that the pandemic shut down the country earlier this year, causing a “significant decline in economic activity.”
Though not surprising, headlines announcing the country is in a recession will cause consumers to remember the devastating impact the last recession had on the housing market just over a decade ago.
The real estate market, however, is in a totally different position:
Is a Recession Here? Yes. Does that Mean a Housing Crash? No.
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday June 10, 2020
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:
“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”
Everyone realizes that the pandemic shut down the country earlier this year, causing a “significant decline in economic activity.”
Though not surprising, headlines announcing the country is in a recession will cause consumers to remember the devastating impact the last recession had on the housing market just over a decade ago.
The real estate market, however, is in a totally different position:
Housing Market Positioned to Bring Back the Economy
posted by: George Sykes, Managing Broker, Worth Clark Realty on Thursday May 21, 2020
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: (Article Continues)
Read Full Article ...Housing Market Positioned to Bring Back the Economy
posted by: George Sykes, Managing Broker, Worth Clark Realty on Thursday May 21, 2020
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: (Article Continues)
Read Full Article ...Why the Housing Market Is a Powerful Economic Driver
posted by: George Sykes, Managing Broker, Worth Clark Realty on Thursday April 30, 2020
With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. Today, many analysts believe one of the first things we’ll be able to safely bring back is the home building sector, creating more jobs and impacting local neighborhoods in a big way. According to Robert Dietz in The Eye on Housing:
Read Full Article ...Why the Housing Market Is a Powerful Economic Driver
posted by: George Sykes, Managing Broker, Worth Clark Realty on Thursday April 30, 2020
With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. Today, many analysts believe one of the first things we’ll be able to safely bring back is the home building sector, creating more jobs and impacting local neighborhoods in a big way. According to Robert Dietz in The Eye on Housing:
Read Full Article ...The Pain of Unemployment: It Will Be Deep, But Not for Long
posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday April 21, 2020
There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly unemployed when it was determined that the only way to defeat this horrific virus was to shut down businesses across the nation. One second a person was gainfully employed, a switch was turned, and then the room went dark on their livelihood.
The financial pain so many families are facing right now is deep.
How deep will the pain cut?
Major institutions are forecasting unemployment rates last seen during the Great Depression. Here are a few projections:
The Pain of Unemployment: It Will Be Deep, But Not for Long
posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday April 21, 2020
There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly unemployed when it was determined that the only way to defeat this horrific virus was to shut down businesses across the nation. One second a person was gainfully employed, a switch was turned, and then the room went dark on their livelihood.
The financial pain so many families are facing right now is deep.
How deep will the pain cut?
Major institutions are forecasting unemployment rates last seen during the Great Depression. Here are a few projections:
Today’s Homebuyers Want Lower Prices. Sellers Disagree.
posted by: George Sykes, Managing Broker, Worth Clark Realty on Friday April 17, 2020
The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a home. Sellers, however, aren’t offering a discount these days; they’re holding steady on price.
According to the most recent NAR Flash Survey (a survey of real estate agents from across the country), agents were asked the following two questions:
Today’s Homebuyers Want Lower Prices. Sellers Disagree.
posted by: George Sykes, Managing Broker, Worth Clark Realty on Friday April 17, 2020
The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a home. Sellers, however, aren’t offering a discount these days; they’re holding steady on price.
According to the most recent NAR Flash Survey (a survey of real estate agents from across the country), agents were asked the following two questions:
What You Can Do to Get Your Kirkwood House Ready to Sell [INFOGRAPHIC]
posted by: George Sykes, Managing Broker, Worth Clark Realty on Monday April 13, 2020
Some Highlights:
What You Can Do to Get Your Kirkwood House Ready to Sell [INFOGRAPHIC]
posted by: George Sykes, Managing Broker, Worth Clark Realty on Monday April 13, 2020
Some Highlights:
Please Help Hunter Engineering
posted by: Wildfire Internet on Tuesday April 7, 2020
Hunter Engineering has teamed up with Washington University, St. Louis, to design powered air purifying respirator (PAPR) devices for emergency medical professionals treating COVID-19 patients.
(Photo is of first device in use at Missouri Baptist Hospital.)
You may be able to HELP, with the one critical part that is in in short supply!
If you have a CPAP machine that you no longer need
Please Help Hunter Engineering
posted by: Wildfire Internet on Tuesday April 7, 2020
Hunter Engineering has teamed up with Washington University, St. Louis, to design powered air purifying respirator (PAPR) devices for emergency medical professionals treating COVID-19 patients.
(Photo is of first device in use at Missouri Baptist Hospital.)
You may be able to HELP, with the one critical part that is in in short supply!
If you have a CPAP machine that you no longer need
The Housing Market Is Positioned to Help the Economy Recover [INFOGRAPHIC]
posted by: George Sykes, Managing Broker, Worth Clark Realty on Friday April 3, 2020
Some Highlights:
The Housing Market Is Positioned to Help the Economy Recover [INFOGRAPHIC]
posted by: George Sykes, Managing Broker, Worth Clark Realty on Friday April 3, 2020
Some Highlights:
The Economic Impact of Buying a Home
posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday March 31, 2020
We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging with agents, lenders, and all of the players involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local economy: buying a home.
We’re all being impacted in different ways by the effects of the coronavirus. If you’re in a position to buy a home today, know that you’re a major economic force in your neighborhood. And while we all wait patiently for the current pandemic to pass, there are a lot of things you can do in the meantime to keep your home search on track.
Every year the National Association of Realtors (NAR) shares a report that notes the full economic impact of home sales. This report summarizes:
The Economic Impact of Buying a Home
posted by: George Sykes, Managing Broker, Worth Clark Realty on Tuesday March 31, 2020
We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging with agents, lenders, and all of the players involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local economy: buying a home.
We’re all being impacted in different ways by the effects of the coronavirus. If you’re in a position to buy a home today, know that you’re a major economic force in your neighborhood. And while we all wait patiently for the current pandemic to pass, there are a lot of things you can do in the meantime to keep your home search on track.
Every year the National Association of Realtors (NAR) shares a report that notes the full economic impact of home sales. This report summarizes:
Is Now a Good Time to Refinance My Kirkwood Home?
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday March 25, 2020
With interest rates hitting all-time lows over the past few weeks, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you and your family, start by asking yourself these questions:
Why do you want to refinance?
There are many reasons to refinance, but here are three of the most common ones:
Is Now a Good Time to Refinance My Kirkwood Home?
posted by: George Sykes, Managing Broker, Worth Clark Realty on Wednesday March 25, 2020
With interest rates hitting all-time lows over the past few weeks, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you and your family, start by asking yourself these questions:
Why do you want to refinance?
There are many reasons to refinance, but here are three of the most common ones:
