What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

How real estate agents can increase profitability in 2021

As real estate professionals strategize on how to do business in this competitive, fast-paced market, they’ll discover the need for better tools to market their listings.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Politics & Money

Why the housing market might dodge the recession

Real estate couldn’t perform its traditional rescue role last time because it was on life support

Ask any economist if you can shut down the country during a pandemic and still manage to avoid an economic contraction.

The answer is no. The American economy depends on consumer spending, which accounts for about 70% of GDP. While panicked consumers have been stocking up on toilet paper and counter wipes, spending has plummeted at other places like retail malls, restaurants and anything related to travel.

GDP growth likely will be zero in the current quarter and contract 5% in the second quarter, Goldman Sachs economists said on Sunday. That probably will be followed by a jump of 3% in the third quarter and 4% in the final three months of the year as pent-up demand drives business activity, the forecast said.

“The uncertainty around all of these numbers is much greater than normal,” said the group, led by Goldman’s Chief Economist Jan Hatzius.

But that doesn’t mean the housing and mortgage industries will suffer the same fate as the travel industry.

The most important thing to keep in mind when evaluating how those sectors might fare in a recession is: Don’t go by what happened last time.

The rest of this content is for HW+ members. Join today with a HW+ Membership! Already a member? log in

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