Real Estate & Community News

Today during our #ManiacMonday we dropped off lunch to the Wilbraham Police Department & Wilbraham Fire Department!

We are so thankful to our community every single day, and at BCA we love to pay it forward!

Coming Soon with Brenda!! 🏡

Call us today for more information 413.333.7776📞

All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary.

Some may question that assertion as they look back on the last recession in 2008 when housing was the anchor to the economy – holding it back from sailing forward. But even then, the overall economy did not begin to recover until the real estate market started to regain its strength. This time, the housing market was in great shape when the virus hit.

As Mark Fleming, Chief Economist of First American, recently explained:

“Many still bear scars from the Great Recession and may expect the housing market to follow a similar trajectory in response to the coronavirus outbreak. But, there are distinct differences that indicate the housing market may follow a much different path. While housing led the recession in 2008-2009, this time it may be poised to bring us out of it.”

Fleming is not the only economist who believes this. Last week, Dr. Frank Nothaft, Chief Economist for CoreLogic, (@DrFrankNothaft) tweeted:

“For the first 6 decades after WWII, the housing sector led the rest of the economy out of each recession. Expect it to do so this time as well.”

And, Robert Dietz, Chief Economist for the National Association of Home Builders, in an economic update last week explained:

“As the economy begins a recovery later in 2020, we expect housing to play a leading role. Housing enters this recession underbuilt, not overbuilt…Based on demographics and current vacancy rates, the U.S. may have a housing deficit of up to one million units.”

Bottom Line

Every time a home is sold it has a tremendous financial impact on local economies. As the real estate market continues its recovery, it will act as a strong tailwind to the overall national economy.

Call us today 413.333.7776 to let us know how we can help you with your real estate needs! 

🤔 Curious to find out what your home is worth? Click Here!  

🎉 UNDER AGREEMENT! 🎉

Congratulations to Brenda for representing our Sellers of these properties & Congratulations to Paige, for representing the buyers of one of the properties!

Discover the Brenda Cuoco Team difference! 👍🏼 Don’t wait, call us today! You’ll be glad you did!

Team Cuoco has been HUSTLING working on the Front lines, and we have almost DOUBLED our stats from last year! 🎉

Check out our current stats for April!

We are ever so grateful to all who have trusted us to guide them along their Real Estate journey.🏡💕

An amazing client testimonial written for Kathleen! We truly love the amazing clients we work with every day & assisting them through their transactions!

It makes our day when we get such sweet feedback. 💕

Are you looking to Sell or Buy and want these same results? 🏡

Did you know that this week the state surpassed the same number of showings we had this week last year? ✍🏻
This means buyers are out in full force, looking at homes and writing offers left and right. AND sellers are slower to put their homes on the market, which is leaving an inventory DROUGHT with a surge of buyers..
Take a look at the photo below!

Homes are selling in FAST & HIGH... And
over asking price, this is one of the 🔥🔥markets I’ve seen despite Covid..