“I have to admit, even I am a little shocked at how fast the market decided to change. It is like we had a really hot summer day and a few days later, a blizzard. One weekend we were

Dated: February 29 2020
Views: 73
Stocks took a beating this week. It could be the worst week in history. It is as bad or worse than in 2008. I am sure there are plenty of people watching it and getting very nervous. Every day we wake up to bad news. And that does begin to weigh on the average American. If people get nervous they stop spending money and that will lead to a recession.
That being said, the FED is already saying they may be looking at 3 interest rate drops in March. They refuse to let the economy fall and therefore I would expect a lot of money being pumped into the debt markets at QE(or whatever the latest catchphrase is) continues. Good economies do not require interest rate drops and/or printing of money in order to keep them going. So I think at this time I would watch the debt markets and what the FED is doing, not saying.
There is a good chance interest rates continue to fall creating even more free money. The Coronavirus continues to keep people on edge. There are just a lot of unknowns right now. But what we do know is housing continues to be in demand locally.
Let's see what we do as we move into next week and the full month of March.
I have many interests and hobbies to supplement my busy career in real estate. Although I enjoy my work I also enjoy finding free time to enjoy the most important things in life. This includes being w....
“I have to admit, even I am a little shocked at how fast the market decided to change. It is like we had a really hot summer day and a few days later, a blizzard. One weekend we were
“Patience is a virtue, they say. And for the buyers who sat on the sidelines, whether on purpose or because they could not swing the insane real estate market, it is going to pay off. As a
Is the party over? It reminds me of the song by Semisonic, Closing Time. It’s been a good run, lots of fun had by all, but at some point the party stops, the lights turn on and you
“Spring has sprung, and housing has too. The resilience of the housing market remains steadfast as April brought more appreciation to an already unaffordable market. We stacked up another