Happy month of June! We hope this newsletter finds you and your loved ones healthy and creatively happy during this unusual time!
There is much uncertainty as to the potential economic impact of this coronavirus pandemic. In times of market uncertainty, we can often look to real estate as a safe harbor. If you do not own a home, consider the current advantageous buying opportunity of the extremely low mortgage interest rate. If you want a more stable investment for your money other than the volatile stock market, consider the soundness of buying rental properties with positive cash flow.
Last month carried special significance in Central Florida as we tiptoed into phase 1 of lifting stay-at-home restrictions. The timing was great, as we were entering the early phase of the peak real estate buying/selling season in Orlando. Would we recover quickly due to pent-up demand or would the economic fallout cascade into the housing market? Only time would tell how this season would work out.
One month later, we are now happy to report that we are seeing a resurgence of real estate demand after two months of understandable reduced activity. Buyers and sellers are out in full force and our team is busier than ever helping home buyers and sellers!
Of course, the consequences of lifting restrictions are still uncharted territory, so we are staying vigilant and continuing our carefully honed safety procedures for helping people buy and sell houses during this pandemic.
If you have been thinking about buying or selling a home this year, don’t wait. Give us a call right now! We will provide you the inside market information and what we have learned in the last three months.