- 14501 Jefferson Davis Highway, Chester, VA 23831
- Recurrence: Recurring monthly on the 3rd Friday
- Venue: Ashton Creek Vineyard
- Time: 5:00 PM to 8:00 PM
The 35th Annual Craftsmen’s Classic Spring Art & Craft Festival features original designs and work from hundreds of talented artists and craftspeople from across America. See the creative process in action as many exhibitors demonstrate throughout the weekend. There is something for every style, taste and budget with items from the most traditional to the most contemporary. This show is a winner of Sunshine Artist “200 Best” awards.
Why an Economic Slowdown Will NOT Crush Real Estate this Time
Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:
“While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.”
Their findings coincide with three previous surveys calling for a slowdown sometime in the next two years:
That raises the question: Will the real estate market be impacted like it was during the last recession?
A recession does not equal a housing crisis. According to the dictionary definition, a recession is:
“A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.”
During the last recession, prices fell dramatically because the housing collapse caused the recession. However, if we look at the previous four recessions, we can see that home values weren’t negatively impacted:
Most experts agree with Ralph McLaughlin, CoreLogic’s Deputy Chief Economist, who recently explained:
“There’s no reason to panic right now, even if we may be headed for a recession. We’re seeing a cooling of the housing market, but nothing that indicates a crash.”
The housing market is just “normalizing”. Inventory is starting to increase and home prices are finally stabilizing. This is a good thing for both buyers and sellers as we move forward.
If there is an economic slowdown in our near future, there is no need for fear to set in. As renowned financial analyst, Morgan Housel, recently tweeted:
With March being a few days away, that means college basketball is going to get crazy. With 68 teams coming to battle it out head to head on the biggest stage in college basketball. Basketball fans and college students alike get to come together and enjoy their favorite team play in the hectic tournament. Many teams have been named as early favorites to win the tournament, names such as Duke, Kentucky, and Virginia leading the charge. But if these teams are your favorites to win it all this March, don't consider it to be a walk in the park for any team, because upsets are what make this our favorite college sporting event. Now, who you got?
Spring time is coming up and there is lot of things to do! Maybe you don't have any ideas, so we are going to share three activities that you can do right here in Richmond!
1. Maymont Park
Maymont Park is a 100 acre park that includes a petting zoo, aquarium and lots of other attractions. It is great for family fun and is perfect for Spring weather!
2. Richmond Metro Zoo
Metro Richmond Zoo is a privately owned, for-profit zoo in chesterfield county, Virginia.
3. Bridge Park
Bridge park is an ambitious vision to create a world class linear park running through both sides of downtown Richmond and across the James River, while engaging vital natural and historical sights along the route