Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.
First, let me say how grateful I am that there was a college football season. It is one of the few sports that I am truly passionate about. Years ago, my wife told me I could either be a Bulldog fan or a Falcon fan, but I couldn’t be both. She said there was no way she could let me ruin a Saturday and a Sunday if both teams lost. I like the Braves, but I don’t love them. I don’t follow the NBA at all anymore, and as a Georgia fan college basketball just isn’t much fun. What I can’t believe is how hard so many people worked and sacrificed so that these kids could compete and have a chance to fulfill dreams while also entertaining us. That leads me to my overall thoughts on the Georgia Football Program which is overwhelming pride.
As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.
Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.
Thankfully, the Georgia Bulldogs have a game played and a “W” in the win column, but the first two quarters were hard to watch. Even so, I was grateful for them. I feel like I missed a lot during the game due to cooking ribs and parenting. But watching it again always helps to understand a little more. As I mentioned in my last post, upsets are likely to be abundant and offense may be hard to find and for the most part last weekend didn’t disappoint. Mississippi State wins over LSU with tons of offense and Oklahoma fell to Kansas State with almost no defense.
f you are reading this, there is a chance you might have read my last two posts on Georgia football. I wrote one in late July and one in early August. Both were optimistic outlooks on the season. In one case, I was just hoping they would play at all and in the other I was focused on a new all SEC schedule. My predictions were definitely done through “Bulldog Lenses “. I thought today would be a good time to be a little more realistic about the upcoming season. Let’s be honest with each other and admit we really don’t know what to expect. In July, we didn’t think there would be a season. In August, we learned the Big Ten and Pac 12 wouldn’t play. And in September we learned that Jamie Newman wasn’t playing either.
Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment rate fell to 8.4%, a full percent lower than what many analysts had forecasted
It is August 28th, I am sitting here at my desk waiting on some estimates to help work through some issues on a contract. It’s been a long week and long year. I really wish I was out doing something else, but I am grateful to have the work as many others do not. Many … Read More
Why Foreclosures Won’t Crush the Housing Market Next Year With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows … Read More
Experts Weigh-In on the Remarkable Strength of the Housing Market America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in … Read More
