ceo-stories

With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily states Mike Eastwood Chief Executive Officer at West USA Realty of Prescott. The one that seems to keep rising to the top is:  when will the economy begin to  recover ?  While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned on when the recovery will begin. According to the latest  Wall Street Journal  Economic Forecasting Survey , which polls more than 60 economists on a monthly basis,  85.3% believe a recovery will begin in the second half of 2020   (see graph below): There seems to be a growing consensus among these experts that the second half of this year will be the start of a turnaround in this country. Chris Hyzy,  Chief Investment Officer  for  Merrill   notes : “We fully expect the economy could begin to pick up in late June and July w...

With stay-at-home orders starting to gradually  lift  throughout parts of the country, data indicates homebuyers are  jumping back  into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate states Mike Eastwood Chief Executive Officer of West USA Realty of Prescott. Joel Kan ,  Economist  at  The Mortgage Bankers Association (MBA)  notes: “Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks…Government purchase applications, which include FHA, VA, and USDA loans, are now 5 percent higher than a year ago, which is an encouraging turnaround after the weakness seen over the past two months.” Additionally, according to  Google Trends , which scores search terms online, searches for  real estate  inc...

Before he died, a grandfather said to his grandson; “Here is a watch that your great grandfather gave me. It is almost 200 years old. Before I give it to you, go to the jewelry store. Tell them that I want to sell it, and see how much they offer you." The grandson went to the jewelry store, came back to his grandfather, and said; "They offered $150.00 because it's so old." The grandfather said; “Go to the pawnshop." The grandson went to the pawnshop, came back to his grandfather, and said; "The pawnshop offered $10.00 because it looks so worn." The grandfather asked his son to go to the museum and show them the watch. He went to the museum, came back, and said to his grandfather; “The curator offered $500,000.00 for this very rare piece to be included in their precious antique collections." The grandfather said; “I wanted to let you know that the right place values you in the right way. Don't find yourself in the wrong place and ge...