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What Can History Teach Us About Real Estate?

What Can History Teach Us About Real Estate?
There is no doubt that the last few weeks have been a challenge in many of our strongest real estate markets. In many places we have strong buyer demand, but are unable to satisfy that need because of the demand for social distancing.
We have MLS services in some markets that are not allowing open houses. Some MLS are not even allowing new listings to be added - for the greater good. I have agents asking me about their buyers who had great jobs even a week ago who now may have uncertainty in qualifying. I have agents asking how their buyers can possibly take advantage of ridiculously low interest rates when they don't know if they will have a job to return to. I have agents whose sellers are concerned about allowing anyone into their house.
If you can dream of a situation, I am sure I have received an email about it in the last several days.
What you can do right now is be an authentic voice for your buyer and seller clients. Empathize with their concerns, offer solutions if you have them (but often you won't), but ... more

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