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Dennis Balduf | The Balduf Group Blog

Monday, April 20, 2020   /   by Dennis Balduf

Recession or Housing crash?

There is a lot of questions and concerns around the housing market and a lot of us are experiencing resurfaced pain from scars caused from the 2008 housing crisis.  The big question on everyone’s mind is if this is going to be like 2008?
 
As we are all looking at capacity, staffing, compensation, UW guidelines and overall P&L management; looking at the numbers and not just the headlines is the key in this market.  Based on all the data it looks like we need to be prepared for a surge not decline in the months ahead.
 
I thought the below data was very helpful in analyzing what is coming in the months ahead.  Based on the data, almost all economist and experts are calling for a  3rd to 4th quarter rebound.  Many feel that the housing market is going to help push the economy forward and that we will need to handle the volume and demand pre-health crisis plus the pent up demand from people that held off buying in 2nd quarter ...

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The Balduf Group
Dennis Balduf
9564 Silverdale Way, Suite 100
Silverdale, WA 98383
360-649-5053

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