Wow !  What a lot has happened in just a few weeks time. So, what does this mean to our local real estate market? See what the experts are saying about the market.

There is a lot of misinformation out there. You need someone who truly understands our local markets and how what is going on might affect you. As a potential seller or buyer, get a local real estate expert's opinion first.   Then you can make an informed decision.

This is truly a balancing act.  It depends on the cost vs. the reward. Interest rates are at unique lows.  Refinance rated are usually a bit higher. Get a professional opinion first.  Then you can make an informed decision.

Why the Stock Market Correction Probably Won’t Impact Home ValuesThis time, the stock market correction is being caused by an outside event (the coronavirus) with no connection to the housing industry.If the current situation is more like the markets in the early 2000s versus the markets during the Great Recession, home values should be minimally affected, if at all.

Economic Slowdown: What the Experts Are Saying This slowdown has certainly started.  The big unknown is how long will it last. One thing that we all can believe in is that it will end, things will start to rebound and we will return to normal over time. Focus on getting through the process that we are in and then getting back to where we were in housing before it happened. It will happen.

This information sums up my posts from the last few days. This is totally unlike what happened twelve years ago. Focus on getting through the process that we are in and then getting back to where we were in housing before it happened.

While this took place before the pandemic got started in the US, it is truly good news! Just like having the strongest economy ever going into this, we had the strongest real estate market as well. The result should bring us a quick recovery.

This situation, while very concerning, is not similar to what we saw in the past. The last recession was caused by the collapse of the financial market due to mortgage delinquencies. In this case, it is resulting from the pandemic.

This situation, while very concerning, is not similar to what we saw in the past. The lessons learned from the last crisis have Americans better prepared to weather the financial storm.