DENVER, Colo., May 28, 2020 (SEND2PRESS NEWSWIRE) — Clear Realty and their real estate technology division Sell-Star released today an in-depth report on how the economic freefall triggered by fear of death from COVID-19 instantly formed the 2020 Black Hole Recession and now affects Metro Denver home values and the safety of 250,000 or so families and individuals wishing to sell or buy a home over the next two-and-a-half years.
This report includes the interactive web-based tool Sell-Star Prophet, which forecasts by neighborhood home values and days-on-market for years 2020, 2021 and 2022 and defines qualities of homes buyers pay the most to attain-exactly what to advertise to attract buyers.
In normal economic downturns deteriorating business activities lead to increasing unemployment over a period of six months to perhaps eighteen months. The COVID-19 induced 2020 recession skipped the entire declining economic conditions portion of the cycle, instead the economy was like a massive sun burning bright, then in a moment collapsing in on itself creating a black hole-the very trough of the economic cycle.
“It’s fear of infection from human interaction triggering this economic black hole and real estate sales have a lot of human interaction. Sell-Star Prophet helps reduce unnecessary interaction by showing homeowners how to vastly improve their internet marketing,” said Creed Smith, Broker/Owner, Clear Realty.
Unlike most economic reports using national or regional data on Gross Domestic Product and unemployment rates, Sell-Star Prophet displays actionable forecasts for homeowners by specific Metro Denver neighborhoods including:
* Home values for 2020, 2021 and 2022
* Days-On-Market timeframes for 2020, 2021 and 2022
* Rank-ordered list of qualities most desired by buyers for superior internet marketing
* Rank-ordered list of value harming deficiencies owners should correct to maximize home value
“COVID-19 put the brakes, likely permanently, on high personal contact methods when selling a home. Nobody wants the risk of armies of people marching through their home every week, and buyers prefer the safety and convenience of window-shopping homes on the internet. Sell-Star Prophet defines the exact rank-ordered qualities homeowners need to advertise to attract the best buyers, keep home values up and keep days-on-market down,” said Creed Smith, owner of Clear Realty and inventor of Sell-Star Prophet.
About Clear Realty and Sell-Star Prophet:
Clear Realty specializes in creating cutting edge technologies cutting the cost of selling a home while improving the marketing and safety of home sales. Sell-Star Prophet, is the latest technology of many Clear Realty uses to improve marketing in the real estate industry.
Learn more at: https://clear.realty/
Prophet cover video: https://vimeo.com/422946055
News Source: Clear Realty
Related link: https://clear.realty/
This press release was issued on behalf of the news source, who is solely responsible for its accuracy, by Send2Press Newswire.
To view the original story, visit: https://www.send2press.com/wire/the-2020-black-hole-recession-covid-19-effect-on-metro-denver-home-values/