Market Update – 28 May 2020

by kevinjones on May 28, 2020

in Real Estate Market update

Real Estate Market Update for 28 May 2020 – Realty Professionals 805-473-0300

With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recoverWhile no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned on when the recovery will begin.

According to the latest Wall Street Journal Economic Forecasting Survey, which polls more than 60 economists on a monthly basis, 85.3% believe a recovery will begin in the second half of 2020 (see graph below):20200528 NM Eng 1 Market Update   28 May 2020There seems to be a growing consensus among these experts that the second half of this year will be the start of a turnaround in this country.

Chris Hyzy, Chief Investment Officer for Merrill notes:

“We fully expect the economy could begin to pick up in late June and July with a strong recovery in the fourth quarter.” 

In addition, five of the major financial institutions are also forecasting positive GDP in the second half of the year. Today, four of the five expect a recovery to begin in the third quarter of 2020, and all five agree a recovery should start by the fourth quarter (see graph below):20200528 NM Eng 2 1 Market Update   28 May 2020

KCM Econ Recovery 300x164 Market Update   28 May 2020

Realty Professionals 805-473-0300

 

 

Bottom Line

The vast majority of economists, analysts, and financial institutions are in unison, indicating an economic recovery should begin in the second half of 2020. Agreement among these leading experts is stronger than ever.

Kevin Jones, Lic#01128892
Realty Professionals, Lic#01892221
805-473-0300

Realty Professionals Round JPG Market Update   28 May 2020

Realty Professionals 805-473-0300

 

 

 

 

 

 

 

 

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Post by Kevin Jones

Realty Professionals 805-473-0300 791 Price Street Suite 191 Pismo Beach Ca 93449

Kevin has written 448 articles.



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