How Long Can This Economic Recovery Last In The Best Neighborhoods In Davenport FL

Dated: 12/06/2019

Views: 434

How Long Can This Economic Recovery Last? | MyKCM


How Long Can This Economic Recovery Last in the Best Neighborhoods in Davenport FL?  The answer can be seen simply as you drive around Davenport, FL.


Why are real estate agents always saying, location, location, location, three times? In a nutshell, location, location, location means homes can experience large increases or decreases in value due to nothing other than their location. The saying's repeated three times for emphasis, and it is the number one rule in real estate, while also often the most overlooked (Borrowing from the Balance.com).


Davenport IS the up-and-coming, best-value, best-lifestyle opportunity in Central Florida. Davenport is only a few miles from the entrance to Disney. So, as you drive around Davenport Florida, if you are not saying to yourself, location, location, location, that's "alright, alright, alright," as Matthew McConaughey would say. BUT you should be saying construction, construction, construction, look at all the construction! We know the best Davenport builders are not dumb.


There's money to be made for sure in these old orange groves on the Ridge in Davenport Florida. And there are tremendous opportunities for individual homeownership with future equity growth.


Source… KCM Lance Whipple Blog

The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last?


The Wall Street Journal (WSJ) Survey of Economists recently called for an economic slowdown (recession) in the near future. The most recent survey, however, now shows the economists are pushing that timetable back. When asked when they expect a recession to start, 42.5% of the economists in the previous survey projected between now and the end of 2020. The most recent survey showed that percentage drop to 34.2%. Here are the most current results:How Long Can This Economic Recovery Last? | MyKCM Like the economists surveyed by the WSJ, most experts are still predicting a recession will likely occur sometime in the next few years. However, many are pushing back the date for the economic slowdown.

Bottom Line

Real estate is impacted by the economy (and the consumer’s belief in the strength of the economy). The fact that most economic experts are calling for the recovery to continue through 2020 means the housing market will also remain strong for the foreseeable future.

Whenever you are ready… 

Let's go and take FREE Home Tour through some of the Best Neighborhoods in Davenport, FL. The insights I can give as we drive around Davenport in a car can save you thousands of dollars. Don’t settle for just going out and looking at homes you found on Zillow.com or Realtor.com. Come take a ride with a local expert and make the best decisions with your hard-earned money. If you are ready, Providence is one of the Best Neighborhoods in Davenport Florida. There are both new construction, as well as good resales available. Text me at 407-494-6030 to set up a tour.

Here's a listing we have in Providence you may want to take a look at. {mls: O5799985}

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Lance Whipple PA

Lance is a Retired Air Force Officer and skip-generation real estate agent -- his grandparents ran a real estate brokerage in Oregon during the 1960s and 70s. Lance helps mainly vacation home investor....

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