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monday morning coffee

A brief market update and some food for the soul...

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Berkshire Hathaway HomeServices California Properties
Jenee George
Realtor DRE#02011178
562-254-4347 or 619-304-8447
jenee@jeneeghomes.com
www.jeneeghomes.com

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UNEMPLOYMENT STATISTICS AND AFFECT ON HOME PRICES

What April statistics tell us....

The latest stats from the U.S. Bureau of Labor tell us that 14.7% of Americans are unemployed but 90% of those reporting expect their unemployed status to be "Temporary".  

Some might conclude that because unemployment is so high, that there should be more REO homes available on the market and that home prices should begin to fall. The reality is, however, that we already had a low home inventory issue prior to COVID-19. Add to that continued buyer demand and record low interest rates, prices are most likely not going to dip like they did in the last recession. Additionally, banks are not eager to take homes and over half homeowners have at least 60% equity! Any dip in home prices is expected to be minimal.

food for the soul

Did the Earth Move For You?

Eleven-year-old Angela was stricken with a debilitating disease involving her nervous system. She was unable to walk and her movement was restricted in other ways as well. The doctors did not hold out much hope of her ever recovering from this illness. They predicted she'd spend the rest of her life in a wheelchair. They said that few, if any, were able to come back to normal after contracting this disease. The little girl was undaunted. There, lying in her hospital bed, she would vow to anyone who'd listen that she was definitely going to be walking again someday.

She was transferred to a specialized rehabilitation hospital in the San Francisco Bay area. Whatever therapies could be applied to her case were used. The therapists were charmed by her undefeatable sprit. They taught her about imaging- about seeing herself walking. If it would do nothing else, it would at least give her hope and something positive to do in the long waking hours in her bed. Angela would work as hard as possible in physical therapy, in whirlpools and in exercise sessions. But she worked just as hard lying there faithfully doing her imaging, visualizing herself moving, moving, moving!

One day, as she was straining with all her might to imagine her legs moving again, it seemed as though a miracle happened: The bed moved! It began to move around the room! She screamed out, "Look what I'm doing! Look! Look! I can do it! I moved, I moved!"

Of course at this very moment everyone else in the hospital was screaming, too, and running for cover. People were screaming, equipment was falling and glass was breaking. You see, it was the recent San Francisco earthquake. But don't tell that to Angela. She's convinced that she did it. And now only a few years later, she's back in school. On her own two legs. No crutches, no wheelchair. You see, anyone who can shake the earth between San Francisco and Oakland can conquer a piddling little disease, can't they? -Hanoch McCarty

-excerpt from Chicken Soup for the Soul

picture credit:Free photo 5815463 © Britvich - Dreamstime.com 

DRE#: 02011178
356 Redondo Ave. Long Beach, CA 90814

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