Unemployment Claims Balloon To More Than 3 Million – Market Update

Last week was one many of us would probably love to forget. Although it ended on a high note with the legislature and White House finally reaching compromise on a COVID-19 stimulus package, Thursday’s jobless claims show that the relief couldn’t come a minute too soon. Let’s get right into the key economic reports. Headline News As always, this report …

When To Hire A Real Estate Agent Assistant

Have you always wanted to say, “I’ll have my person call your person?” Hiring a real estate agent assistant might make you feel like a big shot – finally someone to offload the detail work to! But, the reality is that hiring a real estate assistant is more about growing your business than your ego. That’s because a real estate …

COVID-19 Is Starting To Show Up In Economic Data – Market Update

A lot of us are getting very used to sticking around our homes. Check in with your relatives! We’ll get through this together! Unfortunately, the first big impacts of this unprecedented worldwide situation started to show up in the economic data last week for the first time. Headline News Econoday provided assistance with these economic summaries.1 Let’s jump in! Retail …

Quicken Loans® Clients And Mortgage Payments During COVID-19

The entire world is adjusting to a new normal as we’ve transitioned to not going out unnecessarily in order to combat the spread of COVID-19. The first priority of Quicken Loans is the health and safety of our team members, clients and communities. While beating the virus is the top concern, we understand that this causes an economic disruption which …

What To Do If Your Client Wants To Cover Something Up

At some point it will happen to almost every agent: A client wants to cover something up. Ugh, you want the sale, and maybe it’s not that big of a deal, but …And it’s that “but” that’s making you think. Because you know it’s not OK. But it’s more than that. In fact, spoiler alert: It’s not even “not OK,” …

Coronavirus Forces Federal Reserve Emergency Moves – Market Update

Many of us are working from home for the first time across the country as we all hunker down and ride out this pandemic. It’s been interesting because every day there’s something new, and you can’t take anything for granted at the moment. Still, if everyone washes their hands and avoids large crowds for a while, everything should be fine. …

Federal Reserve Makes Emergency Rate Cut

It seems like all anyone is talking about right now is the coronavirus, and this phenomenon has hit the Federal Reserve now as well. It’s part of the Fed’s mission to try to maintain as close to full employment as possible and major economic disruptions caused by pandemics are a serious threat to that goal. In an emergency meeting yesterday, …

Stocks Shudder Amid Oil Glut – Market Update

I came in this morning thinking the lead story in this update would be the coronavirus, and in a way, it still is, but the knock-on effects are what’s starting to concern markets more. We’ll get into how this is affecting oil prices later on, but I feel like some of this could be a bit alleviated by not panicking …

Federal Reserve Cuts Short-Term Interest Rates – Real Estate Market Update

All anyone seems to be talking about right now is the coronavirus. There are concerns over how the economy will be impacted by the outbreak in the near term. However, most other economic fundamentals remain very strong at this point, which should be encouraging as we head into the spring home buying season. Our Top Story The Federal Reserve chose …

Stocks Continue Slide As Coronavirus Hits U.S. – Market Update

I’ve been writing this report for several years now, and last week was the ugliest in the stock market that I can remember. Indeed, it’s the worst week since the 2008 financial crisis. The coronavirus definitely has traders a little spooked at this point. The first two deaths from the virus in the U.S. were reported over the weekend. If …