Running Out of Toilet Paper and Loosing my Mind is a perfect description of this historic day. CoronaVirus, Covid-19 is on the upswing, the Fed just cut it’s rate to zero and there are actually agents out there who don’t know the relationship with the Fed Rate and the Interest Rates banks charge for mortgage loans. The running out of toilet paper is this moments true craziness. For some reason people are hoarding toilet paper and the thoughts that come to mind for why are just too horrifying to consider without disinfectant.
There are still lots of buyers who are looking for homes and not near enough homes on the market to satisfy the need. On the other side of that is price, with scarcity comes increased prices, but with the threat of life altering pandemic the desire to get out makes the price negotiable.
With Stock markets in jittery free fall and the bond market being artificially propped up with federal dollars it just may be the time to put your money into real estate. While we can not predict what will happen we can look to past performance (which is not a prediction of future performance) I am just saying that it might be a very good
time to buy good properties and get a great interest rate. It is possible the stock market will rebound after the global pandemic crisis runs it’s course. Buying real estate, choosing a longer range investment strategy is worth considering.
There has never been a time in history when working with a professional who understands the market and the process is more important for the best bottom line in real estate. Trusting to a person without experience and inside knowledge is sure to bring a diminished return. Running Out of Toilet Paper and Loosing my Mind