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Are We Talking Ourselves Into a Recession?

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Are We Talking Ourselves Into a Recession? Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago August 29, 2019 1,111 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Economy HELOC Recession 2019-08-29 Seth Welborn Tagged with: Economy HELOC Recession Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days agocenter_img Related Articles Previous: Fannie and Freddie Prep Servicers for Hurricane Dorian Next: The Industry Pulse: Updates on LoanLogics, WFG, and More Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Investment, Market Studies, News The Best Markets For Residential Property Investors 2 days ago  Print This Post The bond market is at a historic low, but the overall pulse of the economy is strong as many are becoming fearful of a recession, Brent Beardall, CEO of Washington Federal told CNBC.“My biggest concern is that we’re so worried about a recession that we talk ourselves into a recession,” said Beardall. “We’re not seeing a recession on the streets today.”In this Video Spotlight, Beardall discusses the health of housing and the strength of the consumer, with a focus on HELOCs and recession fears.The risk of a recession is on everyone’s mind, both in the U.S. and around the world. Realtor.com notes that Germany is already teetering on the brink of recession and the U.K. is facing unrest related to “Brexit”, while in the U.S., a rapidly escalating trade war with China is increasing fears. However, despite these risks, real estate should be safe, unlike in 2008.”This is going to be a much shorter recession than the last one,” predicts George Ratiu, Senior Economist with realtor.com. “I don’t think the next recession will be a repeat of 2008. The housing market is in a better position.”“There’s real reason we could talk ourselves into a recession,” Bearden notes. He goes on to state that an upcoming recession may be little more than a debt, not a serious recession like in 2008. Share Save Are We Talking Ourselves Into a Recession? Sign up for DS News Daily Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. last_img read more

Election results could dictate the direction of gas prices

first_img Previous articleThree Fun Michiana Events To Enjoy While Social DistancingNext articleGrace College student, 20, didn’t die due to COVID-19 Network Indiana WhatsApp By Network Indiana – November 3, 2020 0 380 Facebook (“Gas Pump” by Mike Mozart, CC BY 2.0) The election could have an effect on the direction of gas prices in the coming days. It’s just hard to say what that effect could be.“It could be a volatile week to go along with the volatile year that it’s been. Now that there’s a concern that there could be a legal challenge to some of the election results is concerning markets due to the fact that it could slow down stimulus and a whole lot of things,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.President Trump has also signaled that he could fire Dr. Anthony Fauci from the White House Coronavirus Task Force. Fauci is considered to be the nation’s top infectious disease expert.“That’s just another thing to contend with here. There’s a lot of pessimism with it. It’s a sign of a volatile cabinet and a volatile White House,” said DeHaan.That volatility could lead to higher gas prices. DeHaan believes all of this uncertainty means it may be better for you to fill up your gas tank sooner rather than later.“It may not be a bad idea to fill your tank probably by Wednesday. There’s no price hike on the radar yet. We could go a little longer for the next hike. It really just depends on the price of oil and overall markets. Right now, there’s a lot of anxiety in those markets, so keep an eye on it,” said DeHaan.DeHaan thinks even if there is a price hike, prices shouldn’t go a lot higher than $2 per gallon.“We are seeing some of the lowest prices in northwest Indiana. It’s $1.68 at one station in East Chicago, $1.70 in Schererville. There is one station in Indianapolis selling it for $1.69. Stations in Greenfield tend to be low. There are some stations there at $1.78,” said DeHaan.The increase in coronavirus infections has also kept demand low. Twitter Google+ WhatsApp Google+ Election results could dictate the direction of gas prices Pinterest IndianaLocalMichiganNationalNews Pinterest Facebook Twitterlast_img read more