June 2020 Market Update – Unemployment Rates

What’s happening with the unemployment rate, is it as bad as it looks. There is some good news regarding this.  If you look at this Graph, it shows that unemployment is going down since the peak of unemployment at the end of March. According to The U.S. Bureau of Labor Statistics that three point two million people are unemployed and 90% ninety percent of those are temporary. Now by no means am I saying that 3.2  million is a good number, but what I am showing is that is a lot better than 6.9 six point nine million people being unemployed, which is what it was earlier this year.  And Also things are starting to open up again, people are getting their jobs back. It’s interesting to see that according to the U.S.  Bureau of Labor Statistics shows that thirty seven point six  percent of the people who are unemployed who are filing for unemployment, are Servicers and Bartenders,  that’s more than one out of three, it’s important to note that when this crisis first started that was almost at 60%. So things are improving, which is a good thing.  Again, so much doom and gloom, it’s important to look at the positives as well.  What are we seeing in regards to housing,   or buying or selling your home in East County, Brentwood California 94513 or Oakley California 94561, well on a National level according to Mark Fleming, Chief Economist, First American, he States and I quote, “Housing supply remains at historically low levels, so house price growth is likely to slow, but its not likely to go negative.” We are also seeing this here locally, buyers are out looking and our homes are still going pending.  It’s almost as if nothing negative has happened at all, buyers are out in full force.  It’s still very important to market homes digitally as much as possible  so that sellers won’t lose out on potential opportunities, because according to the National Association of Realtors, 99% of buyers start their homes search online and 67% of buyers will walk through a home they see online, so it’s imperative that homes get massive online exposure.  So my fellow East County families, we are here to help.  Please feel free to reach out to us anytime here at Homes By Krista your local Digital Community Market Leaders to ask questions or if you just need some advice about what to do in regards to buying or selling your home in East County, Brentwood California 94513 or Oakley California 94561. And as we are always here to help.  Make it a great home buying and selling day.

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June 2020 Market Update - Unemployment rates
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