How Will A Post-Corona Virus Recession Impact The Housing Market?
Perhaps Differently Than You Might Be Thinking...
Corona Virus/COVID-19 has turned all of our lives upside down. This global pandemic has changed our current daily lives in different and unexpected ways and we are all in this together -- no one is unaffected. During this time of uncertainty, please be assured that I’m committed to serving you and helping you navigate this challenging time and the days beyond.
I know whether you are a homeowner with no plans to move right now or have been preparing to buy or sell a home, the current environment is likely causing stress for many of you. During this time of uncertainty surrounding coronavirus (COVID-19), please remember that I and Coldwell Banker® are committed to serving you with the same level of dedication and care that you have come to know and expect. For over a century, “guiding our clients home” has been our purpose.
I've spoken with a number of my clients this week who were looking to find out more about where the housing market is headed, especially if we experience a post-COVID-19 recession. At this point in time we are watching the market day by day and have no definitive answers. BUT, there is considerable evidence showing that today's housing market is nothing like it was during the last recession. So if we do go into a recession, we should not assume things will play out the way they did in 2008. I’ve summarized this in the video below.
Coldwell Banker® has withstood numerous adversities throughout our 114-year history. In fact, our company was born in crisis, having been founded following the 1906 San Francisco earthquake to bring honesty, integrity and service to those in need. Those values have been our core ever since.
If you have any questions and concerns I want you to feel free to reach out to me if I can do anything to alleviate your concerns about the housing market and the impact of this pandemic on your investment in your home. We are all in this together and I look forward to "guiding you home."