SHOULD I BUY A HOUSE throughout a pandemic? When’s the perfect time to purchase a home? Can I time the actual property market crash if there’s one coming?
Today we have a look at a very powerful components that go into deciding whether or not or to not purchase a home, particularly within the age of Covid 19. I share some present housing statistics, focus on the chance of a housing crash, and share basic HOUSING PRICE PREDICTIONS for 2020 and past.
I additionally speak in regards to the three TYPES OF RESIDENTIAL REAL ESTATE BUYERS, the fears you may face, and why it’s essential to get clear in your primary motivation earlier than getting into the housing market.
I cowl necessary points to contemplate earlier than taking the plunge, together with job stability, size of time you intend to personal the home, and MICRO-MARKET DYNAMICS to concentrate on in your native space. I additionally go over primary search strategies and the necessity to query every little thing all through the method.
Then we get into the HOUSING MARKET INDICATORS it’s essential to watch in the event you’re attempting to time the actual property market—together with current dwelling gross sales, pending gross sales, months provide of stock, new dwelling constructing permits, mortgage defaults, foreclosures gross sales, rates of interest, buy mortgage functions, unemployment, Google Trends, portal visitors, new listings, exhibiting appointments and demographics, together with the altering financial affect that MILLENNIALS are bringing to the housing market.
For every of those HOUSING MARKET INDICATORS, we focus on what they’re, developments to observe for and the way they affect your native housing market.
I take advantage of the Reno, Nevada, actual property market for instance of how one can use these housing indicators to know the present dynamics of your personal native actual property market. In the method, I present a market report for the RENO REAL ESTATE MARKET within the context of the broader financial system.
This is a complete evaluation of each the widespread and unusual housing indicators to have a look at that may enable you to higher time your entry into the actual property market, helpful whether or not or not we expertise a HOUSING CRASH within the United States.
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If you’re fascinated by shopping for actual property, however don’t know when to purchase, what to purchase, whether or not or not you should purchase, or have anxiousness across the determination, I might love to speak to you and study extra in regards to the challenges you face in order that I can ship higher content material.
This is a free, no-strings-attached name. Pick any out there time between 1/2 and 1/16, and I’ll electronic mail you a Zoom hyperlink:
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