While some (mainly progressive) economists were cautioning that the economy would fall off a cliff in August amidst a new CV-19 surge, the end of/or reduction in unemployment benefits, and continued stodgy recovery, recent jobs and stock market reports point to a somewhat more robust reality. Let’s start with a brief nod to the employment […]
Gene Wunderlich, Sr. Staff Writer
Gene Wunderlich is the Government Affairs Director for Southwest Riverside County Association of Realtors. If you have questions on the market please contact me at GAD@srcar.org or to keep up with the latest legislative and real estate trends go to http://gadblog.srcar.org/.
- Posts: 92
- Website: http://gadblog.srcar.org/
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Earlier this year Congress passed the CARES Act, which among other protections and financial relief, provided a safety net to protect borrowers from losing their homes. Yet five months after its passage, more than 1 million homeowners who may qualify for mortgage relief through forbearance, are delinquent on their mortgages and facing foreclosure when they […]
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2020 just keeps getting weirder and weirder. As if the pandemic and all that entails isn’t enough, we’ve introduced Murder Hornets, Rabid Bats, Chinese Mystery Seeds, and radioactive Chernobyl ants to the mix, among other oddities. And don’t even get me started on the dysfunction that defines Washington D.C. and Sacramento right now, plus factoring […]
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By the time you read this the 2019-2020 legislative session in Sacramento will have ground to an ignominious halt having raised an inordinate amount of new taxes, increased regulatory pressure on businesses large and small, effectively ended more than 1 million California jobs for independent contractors with the passage of AB 5 (Gonzalez), and granted […]
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While the media’s grim reapers continue to predict catastrophe from the CV-19 pandemic, it’s hard to look at our current housing numbers with anything but optimism. I suppose this could be tempered going forward as the Governor selectively shuts down business that survived his first round of closures and had successfully reopened, but for now […]
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Remember the good old days when the only thing we had to worry about was a deadly pandemic? Seems like only yesterday. Oh wait… Yet with exceptions made for protesters and looters, our households are still on modified lockdown due to CV-19 that is continuing to wreak havoc with our economy, with our local business […]
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Considering the circumstances, our April housing market came in about as anticipated. Recall that March was a surprisingly robust month in spite of the rolling shut-down of the economy mid-month. Yet pending sales, that precursor of future closings, was off its historic norm by 27% coming into April. The fact that regional sales were only […]
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But let’s deal with the Corona Virus for a moment as it has had an outsize impact on our economy in a short time. Despite fears and some reports of negative activity, it has not impacted sales in our region. Yet, there are concerns that it might at some point, as it is interfering with […]
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So, ignoring the media crisis du jour, how did 2020 actually start in Southwest California? About as expected – no surprises, no rush, no crash. January is always a slow month and this year was no different. After a decent December that capped off a pretty good 2019 season, pending sales were down coming into […]
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Personally, I think everybody should be taking a deep breath because 2020’s going to be quite a year. We’ve got a national election coming up that will be among the most divisive we’ve seen – and that’s saying a lot. We’ve got a lot of local elections that will set up our city, county and […]
