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COVID 19- Real Estate and Attractive mortgage rates!

covid-real-estate

Last updated on July 18th, 2021 at 08:46 pm

Hello Everyone,

How are you doing?  Well we are fine, and I hope you are, there are some very awkward times.  Everything over the last week has been eye opening.  Ever since Rudy Gobert of the Utah Jazz tested positive of the Covid19 Virus, the world changed.  NBA was the first to suspend their league, followed by every sporting event, every social gathering and the social isolation era has begun.  We all know what that means, limiting going outside your house specifically to anything other then the grocery store for simple food.  Other then medicine, food is the only good reason to go out.  Now what about the Real estate market.

Currently it is too early to tell what will happen with the real estate market.  When everything came to a halt from that Wednesday March 11th, so did the real estate common buyer.  For 2 days there were very little showings on the market.  People were afraid to come into the homes of others, there was a lot unknown.  At the same time there is a fear that the economy will tank, fewer people are working and stocks plunged.  What that in mind the government dropped interest rates by .75%, giving the economy a boost!

 

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