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Monthly Archives: April 2020

    Recession? Yes. Housing Crash? No.

    By Ron Mercurio | April 21, 2020

    With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market? What is a recession? According to the National Bureau of Economic Research: “A recession is a significant... Read More

    Are We About to See a New Wave of Foreclosures?

    By Ron Mercurio | April 3, 2020

    With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments. In spite of this,... Read More