Fox Cities Real Estate - Looking into the Future
Many of us are probably thinking the same thing. How long will the coronavirus affect our lives, businesses, and the world around us? How deep is this crater of uncertainty, and how long before we can pull ourselves up from the depths?
The loss of human life will forever change families, friends, acquaintances, and businesses. However, the economic impact will recover from its cycle of downturn back into an economic expansion like it has many times in the past.
Let’s take a look at how the leading experts and the current research views the economic impact caused by the coronavirus. The U.S. Gross Domestic Product (GDP) has a forecast.
Investopedia states that:
“Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of the country’s economic health.”
If we look at GDP (the measure of our country’s economic health), we can better understand the survey by three leading financial institutions. They show that there should be a great rebound in the second half (quarter 3 and 4) of this year:
Hold your head up high as there is light at the end of the tunnel once this crisis passes.
Keep in mind a John Burns Consulting recent study showed that past pandemics also created V-Shaped Economic Recoveries like you see above, and housing prices did not suffer.
Keeping a historical analysis in mind, many business owners are also staying optimistic, and believing in a bright economic return. A recent survey by PWC shows this confidence, noting 76% of surveyed business owners feel their companies will return to normal business rhythms within 3 months:
The return to normal after this crisis subsides should happen rapidly. This is anticipated by the business leaders and expert financial institutions in Wisconsin and the entire country. Sure, the survey numbers will change as they keep everyone updated, but optimism is still reigning supreme.
Nothing lasts forever, including this pain we call Covid-19. Growth-mode, GSD Mode, or whatever you want to call it…We got this my friends!
What are the Main Points?
It is highly likely that you or someone you know has been effected by this current crisis. Many lives and businesses have been ravaged by the coronavirus. However, experts do see a light at the end of the tunnel, as they should.
Yes, the economy has slowed down (just like it has in the past) due to the current health crisis, but we can take guidance and advice from the experts, as this too shall pass.
Stay healthy and safe out there…and together we can make a better tomorrow!
Shameless plug: When you are ready to buy or sell a home, don’t forget how easy it is to get a hold of me to go over your custom tailored options. No transaction is the same as the other.
Thanks for reading, and visit for more updates!
~ Steven RedBeard Vertz, the Largest Beard in Real Estate.
"Follow the Road That Leads You Home!"
Steven Vertz - Coldwell Banker Real Estate Group
1050 N Lynndale Dr
Appleton, WI 54914