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Monthly Archives: April 2020

    Why the Housing Market Is a Powerful Economic Driver

    By Pick Pina Group | April 30, 2020

    With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. Today, many analysts believe one of the... Read More

    Buying a Home Right Now: Easy? No. Smart? Yes.

    By Pick Pina Group | April 29, 2020

    Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed: “The March ShowingTime Showing... Read More

    Rise to the Top of the Pool by Selling Your House Today

    By Pick Pina Group | April 28, 2020

    With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers. Lawrence Yun,... Read More

    What Impact Might COVID-19 Have on Home Values?

    By Pick Pina Group | April 27, 2020

    A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how many items are available in... Read More

    Today’s Expert Insight on the Housing Market [INFOGRAPHIC]

    By Pick Pina Group | April 24, 2020

    Some Highlights According to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise. Results from the Existing Home Sales Report note that home sales declined in March due to the coronavirus, but prices are still strong. Let’s conn... Read More

    Uncertainty Abounds in the Search for Economic Recovery Timetable

    By Pick Pina Group | April 23, 2020

    Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation. In addition, we noted how there are some in the business community who believe we may instead be headed for a U-shaped... Read More

    Keys to Selling Your House Virtually

    By Pick Pina Group | April 22, 2020

    In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is,... Read More

    Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

    By Pick Pina Group | April 21, 2020

    Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover? Let’s look at the possibilities. Here... Read More

    The Pain of Unemployment: It Will Be Deep, But Not for Long

    By Pick Pina Group | April 20, 2020

    There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly unemployed when it was determined that the only way to defeat this... Read More

    The Pain of Unemployment: It Will Be Deep, But Not for Long

    By Pick Pina Group | April 20, 2020

    There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly unemployed when it was determined that the only way to defeat this... Read More

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Our agents write often to give you the latest insights on owning a home or property in the Coastal Virginia area.