Monday's Digest - May 4th, 2020

Dated: May 5 2020

Views: 107


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

Approximately 11 years ago, I was lucky enough to move to the beautiful Temecula Valley. I have been able to raise my children here in a safe environment outside of the hectic Los Angeles area. Te....

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