Among all this anxiety, from the mainstream media to a lone blogger , has noticed that most bad news sells. Unfortunately, we will continue to see a rash of horrifying headlines over the next few months. Lets try to make sure the headlines don't scare us before we get the full truth.
When it comes to the health issue, you should look to the CDC or the World Health Organization (WHO) for the most correct information.
Finding reliable resources with information on the economic impact of the virus is more difficult. For this reason, it’s important to shed some light on the situation. There are already alarmist headlines starting to appear. Here are two such examples surfacing this week.
Goldman Sachs Forecasts the Largest Drop in GDP in Almost 99 YearsThe projection is actually that we’ll have a tough first half of the year, but the economy will bounce back great in the second half; GDP will be up 13% in the 3rd quarter and up another 11% in the 4th.
The economy will suffer for a few months but will come back, this is not Armageddon!
There’s a lot of incorrect information out there. If you want the best advice on what’s happening in the current housing market, contact your local real estate agent!