Experts Predict Economic Recovery Should Begin in the Second Half of the Year

Experts Predict Economic Recovery Should Begin in the Second Half of the Year

Erica Wright Real Estate Leave a Comment

One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the second half …

Virtual Home Sales

Housing Market Positioned to Bring Back the Economy

Erica Wright Real Estate Leave a Comment

All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. Some may question that assertion …

How We’re Supporting Chester County

riley Chester County , Real Estate Leave a Comment

​At the Beth & CJ Stein Team of Keller Williams, we love Chester County! We love food and we really love supporting local businesses – especially those who may be struggling right now. To help our community and you, we are giving away $600 in gift cards to your favorite local restaurants with TWELVE chances to win : (4 winners) …

#1 Financial Benefit of Homeownership: Family Wealth

#1 Financial Benefit of Homeownership: Family Wealth

Erica Wright Real Estate Leave a Comment

While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the home. So, what exactly is …

652 Byers Road, Chester Springs

A Surprising Shift to the ‘Burbs May Be on the Rise

Erica Wright Real Estate Leave a Comment

While many people across the U.S. have traditionally enjoyed the perks of an urban lifestyle, some who live in more populated city limits today are beginning to rethink their current neighborhoods. Being in close proximity to everything from the grocery store to local entertainment is definitely a perk, especially if you can also walk to some of these hot spots …

Unemployment Report: No Need to Be Terrified

Unemployment Report: No Need to Be Terrified

Erica Wright Real Estate Leave a Comment

Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now. That pain should not be …

Will Home Values Appreciate or Depreciate in 2020?

Will Home Values Appreciate or Depreciate in 2020?

Erica Wright Real Estate Leave a Comment

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real estate practitioners …

Unemployment: Hope on the Horizon

Unemployment: Hope on the Horizon

Erica Wright Real Estate Leave a Comment

Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. There is hope, though, that …

Why Home Equity Is a Bright Spark in the Housing Market

Why Home Equity Is a Bright Spark in the Housing Market

Erica Wright Real Estate Leave a Comment

Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food, and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking …