Monday's Digest - May 4th, 2020

Dated: May 5 2020

Views: 127


1Q GDP DROPS 4.8% ?
The US economy contracted 4.8% in the 1Q. However, this is but a prelude to the pandemic-driven pulverization the economy will experience in the 2Q. The Congressional Budget Office (and several Wall Street brokers) thinks 2Q GDP could drop 40% (!!!) as a result of nationwide business closures and skyrocketing unemployment. 
Yahoo Finance
Your home was PERFECT - until you were incarcerated in it. So what do you want in your next home? A quieter neighborhood, more square footage, a better kitchen, and faster Wi-Fi.
A host of less-affected states will begin their "reopening" on May 1, with restaurants able to operate at 25-50% capacity, elective surgeries allowed, etc. But 43 states have still ordered or recommended schools remain closed for the full academic year.
A record-low 50% of Americans polled by Gallup said that now was a good time to be buying a house, down from 61% last year. 25% of those surveyed expect home values to fall in their area, up from 9% last year.

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Karina Duke

My family and I relocated to the beautiful Temecula Valley 13 years ago. In all honesty, we were tired of the high cost of living, the busyness, and the lack of overall safety and security in Los Ange....

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