Michael R Balog

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So far Michael R Balog has created 407 blog entries.

Is a Recession Here? Yes. Does that Mean a Housing Crash? No.

On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureaudefines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other [...]

By |2020-06-10T11:31:56-04:00June 10th, 2020|News, Trending Real Estate Topics|0 Comments

Real Estate Will Lead the Economic Recovery

With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the [...]

By |2020-06-09T09:18:16-04:00June 9th, 2020|News, Trending Real Estate Topics|0 Comments

The Shocking News in the Unemployment Report

Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate [...]

By |2020-06-08T09:16:07-04:00June 8th, 2020|News, Trending Real Estate Topics|0 Comments

Three Things to Understand About Unemployment Statistics

Tomorrow morning the Bureau of Labor Statistics will release the latest Employment Situation Summary, which will include the most current unemployment rate. It will be a horrific number. Many analysts believe unemployment could be greater than 20%. These numbers represent families across the nation that are not sure when (or if) they will return to [...]

By |2020-06-04T09:03:50-04:00June 4th, 2020|News, Trending Real Estate Topics|0 Comments

Is it Time to Sell Your Vacation Home?

The travel industry is one of the major sectors that’s been hit extremely hard by the COVID-19 pandemic. Today, it’s hard to know how long it will take for summer travelers to be back in action and for the industry to fully recover. Homeowners who rent their secondary properties on their own or through programs [...]

By |2020-06-03T12:09:04-04:00June 3rd, 2020|News, Trending Real Estate Topics|0 Comments