2020 REAL ESTATE WRAP UP.  WHERE DO WE GO FROM HERE?

There’s no doubt that 2020 has been a year for the history books.  Although one can argue that an extreme abundance of “bad things” has taken place, it is well known that “good things,” and opportunities appear in the most trying times.   For example, the stock market took a HUGE hit when the country shut down.  At that point in time there was so much fear.  Many people at one point lost at least 1/3 of their 401K and investment portfolios.  But think about this, many people bought into the market when it was down, and sure enough the market corrected itself and they made an incredible amount of gains on their investment.  Looking at the graph above you will notice a big spike in home values.  Watch the video here as Chris Gonzales with Berkshire Hathaway, Mother & Son Real Estate shares with you our 2020 real estate year in review.  At first glance, seeing that home values are at historic highs you may say to yourself, “there’s no way there are any opportunities in this real estate market.”  That would be a bad point of view in our opinion.  There are tremendous opportunities and reasons to make a move in this market.  For one, INTEREST RATES!  They are at historic lows.  Because they are so low, buyers are basically borrowing money for FREE….  Sellers have a massive benefit selling in this market.  Because buyers have so much buying power, homeowners can sell their home for thousands more while the buyer keeps their monthly payment at the level it would have been if they sold their home a year or two ago.  We can’t predict the direction of the real estate market, but what we can do is inform you on the “hear and now.”  There is so much opportunity in this market and we would love to help you!  Call us anytime.  We wish you the very best as we wrap up 2020.  Try your best to enjoy this holiday season!