Real Estate Insider Blog

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20
Jun
2017

WHAT'S THE ECONOMIC FORECAST?

DENVER — “This is going to be the longest economic expansion in the post-World-War-II era,” stated Kevin Thorpe, the global chief economist at Cushman & Wakefield.

He was giving an assessment to a crowd of reporters at the National Association of Real Estate Editors conference, and the general message was one of growth — not risk.
 

Recession?

“The U.S. will not be going into recessions anytime soon,” Thorpe said.

“Recessions don’t just happen,” he added. “First we need to see imbalances somewhere in the economy — too much credit, too much exuberance in any particular sector.” Equity markets, oil prices, what the Federal Reserve does with interest rates and “wild cards” could change that, of course, but in general, Thorpe was confident that the economy is strong and will remain so for the immediate future.

“Of course there will be another recession at some point, and the next question becomes ‘What will the next recession look like?'”

In Thorpe’s opinion, it won’t look as gnarly as the last one. “It’s not likely to be nearly as severe as the one we went through in 2008-2009,” he noted. “Big recessions don’t happen very often; every 50 years seems to be the pattern. The next recession is probably more likely to be a traditional recession, with two to three quarters of job...

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07
Jul
2016

How Brexit Affects Homes in the Clearwater Area


With Britain suddenly pulling out of the European Union, the shores of Florida are sure to start feeling the effects. You might not realize it, but there are a lot of ties between Florida and what has been the fifth largest economy throughout the entire world. The Brexit backlash was a severe jolt to say the least. Floridians are bracing for what lies ahead in the hopes that it doesn't destroy the economy. Here are some of the things that you can expect to occur with Brexit:

  1. Because the British pound dropped, it will make traveling to Florida far more expensive. While less British people will be able to come enjoy spending time in Florida, more Floridians will get to enjoy saving money on their trip abroad.
     
  2. Since the market has gotten stronger, any downturns in British investments throughout Florida won't be affected.
     
  3. Due to the cost of imports being cheaper, Florida might see a net positive on their trades. However, exporters are going to end up losing money due to the cost of the British pound.
     
  4. Since the US dollar is quite strong, it makes products more expensive for some of the other countries. This could cause them to look for other suppliers in the hopes that they can save money and still get the products they want. The value of an overseas sale is significantly reduced when it is converted to dollars. This means that Florida companies who deal with the European market for the majority of their sales are going to end up...
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23
Jun
2016

Homes in Coachman Ridge Clearwater: A Seller's or a Buyer's Market?


Many people dream of someday being able to own their own home. For others, they are looking to sell their current home and move into something larger to accommodate their growing family. Whatever your reason is for purchasing or selling a home in Florida, there is no time like the present to do so and Coachman Ridge would be an excellent choice.

Go here where you will see the number of days on the market in Coachman Ridge is only 52 versus an overall Clearwater average of 110. In addition, there are only 3 homes for sale right now out of a total of 255 in Coachman Ridge which makes this a seller's market for this area in my opinion. Keep in mind that it can also be a good choice for buyer's as prices have remained somewhat flat and are expected to go up considerable after the November elections which is typical. Also, the fact that Coachman Ridge is in one of the best locations in Pinellas County at an affordable price, makes this subdivision and excellent choice.
 

 
 

The economy in Florida is doing very well.

Because the economy is continuing to grow at a healthy rate rate, more and more people will be looking to purchase a home. This means that anyone interested in selling their home stands a better chance of being able to take advantage of the market right now and the Clearwater, Florida is an ideal place to live. Home prices are predicted to go up by about 5 percent, while...

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