March 2020

Found 3 blog entries for March 2020.

 

Press Release

March 2020

Two Trillion economic Stimulus Package

In response to the Coronavirus Virus pandemic the Senate passed the biggest fiscal stimulus package in U. S. History. The Senate just approved a $2 trillion economic stimulus package,  for businesses, healthcare , and Americans. Click on this link to read the Bill.   Senate Majority Leader, Mitch McConnell stated, "This isn't even a stimulus package. "It is emergency relief. Emergency relief. That's what this is."

  • $350 billion plus to aid small businesses.
  • $150 billion to hospitals and other health-care providers for equipment and supplies.
  • In early April: Direct payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for
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The Last quarter of 2019, the Park City real estate market for both Summit and Wasatch Counties showed strong appreciation with increases for single family homes median sale price rising 12% year over year. The number of homes sold increased 4%. We were on an upward trajectory. Since March 09, 2020, Park City proper and the Snyderville Basin area have had 28 properties go under contract. We continue to have single family homes, condos, and land enter into the marketplace.

In January, we started to experience a global pandemic with a virus that has now gripped the world. This virus has no boundaries so we are dealing with a global economic recession. The stock market has the virus. The good news! The stock market slipped 30%, in the past economic

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Quick Summary:

"Park City Fourth Quarter Real Estate Market"

Park City Real Estate for the fourth quarter of 2019 continued to show strong appreciation with increases in both average and median sale price as well as dollar volume as re-ported by the Park City Board of REALTORS® Multiple Listing Service.

The greater Park City market in general continues to show great stability in single family homes. The number of homes sold increased 4% with the median sale price rising 12% year over year. During the same period in 2018, the median sale price gained 7% indicating a sustained period of steady, consistent growth.

Condominium sales exploded in fourth quarter increasing 24% in units sold (966 vs 777 sold in 2018) with a solid median price gain

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