The State of Real Estate Amidst The Chaos
My thoughts are with you. This fragile time in history has left many of us, myself included, wondering what the future holds in store for us.
Covid19 sure as heck halted things as we know it. Zoom meetings are the new hangout to socialize, conduct meetings, and keep in touch with family across the country. Other notables include: Slack, DocuSign, and Notarize
Life as we know it has changed forever. Digital is our lifeline. Social platforms such as Facebook and Instagram keep us in touch with our network, but unfortunately, it has become a feed flooded with information disheartening to the soul due to the pandemic and economic instability we are witnessing firsthand.
I choose to see the good in every aspect. Yes, I am a realist. Yes, I am a dreamer. It makes for one heck of a ride let me tell you!
This is how I see the real estate market forecast based on what I can translate from continual real estate reading and learning amidst the Covid19 pause…
Yes, homebuyer traffic to major sites such as Zillow and Realtor.com has decreased significantly, however, supply is at near-record lows nationwide, and demand is near an all-time high.
The spring market conditions were projected for an incredibly competitive housing market. With Inventory low, demand high, and mortgage rates remarkably low, if you already own a home, you might consider refinancing while rates are this low.
Others we are working with are prepping their home for the market in anticipation that things will resume to somewhat normal living pre-Covid19.
The good news? Oh ya, you bet! Our digital marketing strategies showcase homes we list to go fully 3D and virtual. This has always been the case, so we are already stepping ahead of the curve and wave of agents scrambling to find the secret sauce to selling a home in the current standstill.
With home prices also near all-time highs in most cities as many potential buyers are bidding on a limited supply of homes for sale, now may be the perfect time to hit your equity paydirt.
I am here to serve and assist any way that I can. If you think now is the time to have an initial call or to potentially sell your home, let’s have a conversation to analyze the pros and cons.
Have a great day!