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Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now.
With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item.
<h3><strong>Some Highlights</strong></h3> <ul> <li>Taking a moment to reflect upon what we’ve heard from historical leaders can teach us a lot about getting through the many challenges we face today.</li> <li>We're all eager for the day when every American can safely return to work. That day is coming. Timing is everything. Patience is essential.</li> <li>Our courage, strength, and unparalleled resilience will get us there.
Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media.
The festival pays tribute to Mount Pleasant’s local shrimping and fishing industry, offering a boat parade, live music, craft show, and lots of free activities with the picturesque Ravenel Bridge and Charleston Harbor for a backdrop! The event is scheduled for June 28, 2020, at Mt Pleasant's Waterfront Park.
As we continue to work through the health crisis that plagues this country, more and more conversations are turning to economic recovery. While we look for signs that we’ve reached a plateau in cases of COVID-19, the concern and fear of what will happen as businesses open up again is on all of our minds.
For nearly two months, most of us have been following strict stay-at-home orders from our state and local governments. It is a whole new way of life that has put our daily lives on pause.
Amazingly, our real estate market here in Charleston went about business as usual. We were considered an essential business because people have to have shelter. Of course, we expected a huge slow down in demand. But we didn’t see it.
Staying at home doesn’t mean your search for a new place needs to come to a standstill. Check out these tips on how to explore other neighborhoods virtually in the homebuying process.