Housing Market Update | UNBELIEVABLE Stats (Real Estate 2020)
0:21: About Citadel Global Ventures
2:04: Single Family Housing Market Update
3:15: Foreclosure Statistic
4:00: We Haven’t Seen the Worse of it Yet
4:26: The SHOCKING STATISTIC
4:42: Commercial Real Estate News
7:52: The Tension is Rising
8:54: Overall Thoughts
10:20: Overall Thoughts on the Economy
12:47: The 3 Things Everyone Should Be Doing
About Citadel Global Ventures
Our e-book: 0to75units.com
It’s Thursday August 13, 2020 and that is your Housing Market Update!!!
Let’s get proper into the Single Family Home market. This is loopy statistic proper right here, there was a 950% INCREASE in Google searches for the time period “Process of Buying A Home”. WOW! Many Real Estate Brokers, Mortgage Brokers, Real Estate business speculators are calling this present state of the housing market……A HOT MARKET! It’s undoubtedly a vendor’s market proper now.
Now once we dig into some information in regards to the housing market. According to my information sources, actual property foreclosures are on the rise, opposite to standard perception and foreclosures will not be anticipated to cease. Now I’m not making an attempt to sound like an actual property crash alarmist, the quantity information from 2008 is worse than present numbers BUT we’re a small window right here. Now, most can agree that we’re at the moment in a recession BUT, for my part, now we have not see the more severe but. We will see the numbers enhance when the mortgage forbearance expires.
Commercial Real Estate
According to a New York Hospitality Report, 83% of Restaurant/Bars may NOT pay their hire. And 37% of that quantity couldn’t make single fee. This is not taking place in all places BUT irrespective of the % that might not pay, it is nonetheless taking place nation large. This is absolutely unhealthy information for business actual property.
Tensions are rising between landlords and tenants, tenants are literally doing FULL-BLOW protests in some rental models.
Right now we’re in what’s often called a “Total Sellers Market”. Does that imply you should not do a deal? Not actually, however had been in a low stock actual property market, in order that makes residence’s VERY over-valued. That mixed with LOW mortgage charges, makes me suppose…it is best to too!
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