With the exception of AAPL which has 1t+ cash to sit on, the smaller players will go out of business or run out of cash to burn. This will clear the traffic clutter and force the home prices to be at least not go stellar. Many of the 8 figure home prices are sliding....

Nina,

I am glad you looked at it this way. I really believe that things are going to get better and not worse.  And, there are solid facts to prove this also.  Six days ago, now seven, Apple re-opened its stores in China all 42 of them...as reported by Blomberg and other media.  Yes, they are operating with shorter hours...But hope is around the corner, not continued despair..

 I have gotten to the point, where I do not want to read or hear about this virus. However, since you wrote this, I took a look because you are even handed in your logic and assessment.

 I am saddened for those affected, and I hate the opportunism that many are using this to further themselves.  It is so absurd out there...  A

After watching your video, I think your way of thinking has the right idea. We are all in this together and it will pass eventually.

Nina,

I do appreciate your sense of hope and positive views. I appreciate that you are one of the few here on Active Rain who is empowered with common sense.  A

I too appreciate this logical and common sense response. Our clients are really  adapting a wait and see attitude, and that is fine. As we tell them, "we'll be here with you need us."  And we will. We are watching things carefully, and as you said, if there is a recession it won't be linked to sub-prime mortgage problems...and will be very different for the housing industry. 

Good morning Nina. The video is telling but not definitive. We will need to wait and see.

Hi Nina. You are right on that and I agree. Thank you.

I am hoping that there will be a huge  housing boom. Fingers crossed...

Happy Friday Nina Hollander 

Hi Nina Hollander - all of those fundamentals are true and I try to remain optimistic.

I think much of this "story" remains to be seen and played-out, Nina Hollander ... as there are so many factors at play in it.  Like Grant Schneider above, I am trying very hard to stay hopeful and optimistic. 

Gene

Morning Nina.

I watched the video.  Now, if we can just get our clients to have the same mindset 

Yes Nina, consumers have concerns about the Real Estate market. As of Sunday evening, New York State will not be allowing any Open Houses nor showings. Like you...We are staying POSITIVE!

I think that the market is going to boom after all of this virus stuff goes away, it really seems primed for that to happen.

Hi Nina Hollander - This will be a very interesting year, to put it mildly. But this video is right on point.  We need to have these talking points ready to go because many will not understand that there is a huge difference from 2008 to our current market conditions. 

Nina so far I still have people who are in fields of employment not impacted by the current layoffs who are still looking to purchase a home, or looking to and refinance their present home. 

While we have to be realistic about the current situation, we need to remain positive that we will be out of this soon.  Negativity does not accomplish anything, it only makes things worst.  I choose to look towards a positive outcome, and a part of making things better.

I forgot to tell you last comment how much I enjoyed this presentation and the comments others have provided have made me ponder...

Happy Saturday and be safe Nina Hollander 

I am trying to look at this realistically but when the federal goverment is talking about $2 to $3 trillion to fix the problem that is bigger than 2009.

Nina Hollander it could have some impact on housing market. 

Happy Birthday & Many More! 

Hi Nina,
I always enjoy the short and to the point videos that you share. I was particularly struck by the average percentage of income going toward mortgage payments now. I wasn't aware it was so much less. That's a good thing for sure.  Things are WAY different than they were in 2008. 

Nina, it will be interesting to say the least.  Will some be able to buy houses, and what about those who lost jobs?   What will our economy look like in two months.  We shall see.

Hi Nina:

No doubt there is a great deal of concern these days about the future, for those who want to buy or sell, as well as those homeowners simply concerned about their investment. There is some very useful information here, presented in an easy to comprehend short video.

Enjoy your weekend at home!

Jeff