We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies.More info
Juan Real Estate GroupJuan Real Estate Group
Call Us:

(978) 581.0801

Message Us:

[email protected]

  • Meet The Team
  • Testimonials
  • Schedule a Call
  • Read Our Blog
  • Seller Experience
  • Free Home Valuation
  • Our Marketing Strategy
  • Buyer Experience
  • Search for Homes
    • Call Us:

      (978) 581.0801

    • Message Us:

      [email protected]

    Featured Image

    Don’t Let Frightening Headlines Scare You

    Don’t Let Frightening Headlines Scare You  There’s a lot of anxiety right now regarding the coronavirus pandemic. The...

    • Juan Murray
    • June 13th, 2019
    • 3 min read

    Don’t Let Frightening Headlines Scare You 

    There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well.

    Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we will continue to see a rash of horrifying headlines over the next few months. Let’s make sure a headline doesn’t paralyze us before we get the full story.

    When it comes to the health issue, you should look to the Centers for Disease Control and Prevention (CDC) or the World Health Organization (WHO) for the most reliable information.

    Finding reliable resources with information on the economic impact of the virus is more complicated. For this reason, it’s essential to shed some light on the situation. There are already alarmist headlines starting to appear. Here are two such examples surfacing this week.

    1. Goldman Sachs Forecasts the Largest Drop in GDP in Almost 100 Years

    It sounds like Armageddon. Though the headline is correct, it doesn’t reflect the full essence of the Goldman Sachs forecast. The projection is that we’ll have a tough first half of the year, but the economy will bounce back nicely in the second half; GDP will be up 12% in the third quarter and up another 10% in the fourth.

    This aligns with research from John Burns Consulting involving pandemics, the economy, and home values. They concluded:

    “Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices), and some very cutting-edge search engine analysis by our Information Management team showed the current slowdown is playing out similarly thus far.”

    The economy will suffer for the next few months, but then it will recover. That’s undoubtedly not Armageddon.

    2. Fed President Predicts 30% Unemployment!

    That statement was made by James Bullard, President of the Federal Reserve Bank of St. Louis. What Bullard said was it “could” reach 30%. But let’s look at what else he said in the same Bloomberg News interview:

    “This is a planned, organized partial shutdown of the U.S. economy in the second quarter,” Bullard said. “The overall goal is to keep everyone, households, and businesses whole” with government support.

    According to Bloomberg, he also went on to say:

    “I would see the third quarter as a transitional quarter” with the fourth quarter and first quarter next year as “quite robust” as Americans make up for lost spending. “Those quarters might be boom quarters,” he said.

    Again, Bullard agrees we will have a tough first half and rebound quickly.

    Bottom Line

    There’s a lot of misinformation out there. If you want the best advice on what’s happening in the current housing market, let’s talk today.

     

     Courtesy of Simplifying the Market 

    Our client processes.

    Don't forget to check out our real estate selling experience information.

    Selling

    Purchasing a home?

    We've got your buyer concerns and questions covered.

    Buying

    Author Photo
    About the author

    Juan Murray

    (617) 721-0961
    • facebook
    • instagram
    • linkedin
    Juan got his start in the residential real estate market in 1994 and has never looked back. His mission is to provide excellence to his clients, and he is always looking for ways to improve the real estate experience for his clients and colleagues in the industry. Early in his real estate career, he worked as the Housing Rehabilitation Director for a national non-profit organization, Neighborhood Assistance Corporation of America (NACA). His goal was to gain more knowledge of the construction and renovation of existing homes in conjunction with working with 1st-time buyers. He effectively managed over 25 residential construction project managers on the East & West coasts while implementing procedures to improve communication between contractors, property owners, and banking representatives. He also developed resources, designed processes, and organized all aspects of real estate property acquisition and renovation. Juan completed a home inspector licensing course on his way to becoming a licensed home inspector. But after completing 30 inspections as an apprentice observer, after crawling under numerous porches and “crawl spaces,” he decided it wasn’t his cup of tea. Juan has always had a sharp eye for market trends and an innate understanding of what his clients need. That’s why, as a top real estate agent in Boston, he is constantly ahead of the curve, anticipating changes in the market and helping his clients manage their real estate goals. His keen intellect, quick wit, and tireless work ethic make him an invaluable partner for anyone looking to buy or sell property in the Boston area (or via his referral partners worldwide). Although Real Estate is a large part of his life, it is not the only part. He loves hanging out with family and friends, being in the kitchen, enjoying great food, anything Apple or Cole Haan, gadgets, great cigars, F1, motorcycles, photography, and traveling (to name a few). He lives with integrity and tries not to take life too seriously.

    Similar posts like this

    Stuck Between Moving and Staying? These 3 Questions Can Help You Decide

    Feeling torn about moving or staying put? These 3 questions can help you get clear on what matters most—beyond just your...
    Read more

    Summer Home Shopping in Boston? Here’s How to Beat the Competition Without Overpaying

    Buying a home this summer in Boston? Here's how to write a competitive offer, understand seller motivation, and know whe...
    Read more

    Is Your Listing Photoshoot-Ready? 7 Overlooked Details That Matter in Boston

    Most buyers see your home online before they ever step inside. Use these 7 often-missed tips to make sure your listing p...
    Read more
    Juan Real Estate Group

    Juan Real Estate Group

    769 Centre St, Suite 209, Jamaica Plain, MA 02130

    769 Centre St, Suite 209, Jamaica Plain, MA 02130

    Call Us:

    (978) 581.0801

    Message Us:

    [email protected]

    Footer Links

    • Meet the Team
    • Testimonials
    • Schedule a Call
    • Read Our Blog
    • Sellers
    • Get Your Home's Value
    • Search for Homes
    • Buyers
    Privacy Policy

    Juan Real Estate Group © 2025

    Powered by