Are we entering the post-pandemic comeback? Socially, it feels like it - in terms of real estate, the situation isn't so clear.
Despite uncertainties about the future market, when I woke up this morning the birds were singing, people were active outdoors, and spring was here. Everyone I'm close to has been vaccinated - and the few colleagues that haven't are planning on it.
People are finding work again - jobs are rebounding in the economy, and despite a massive wave of debt from pandemic spending, household income should at least be starting to stabilize.
Businesses are re-opening. My wife's preschool is back in session, and her biggest complaint is that phase 2 restrictions have limited her school to 1/2 capacity, which means she's turning away potential customers.
All of these changes are good things: as spring arrives, it seems the USA is slowly crawling out from the under clutches of fear and uncertainty from the virus. It's certain that our society will be picking up the pieces for quite a while, but for the time being it's enough progress to celebrate.
In terms of real estate itself, we still don't know where things are going. Once the moratorium ends, will there be a market crash? Will prices plunge, and foreclosures boom? I certainly anticipate upheaval in the rental market, and federally-backed mortgages may see some chaos as well, but perhaps we'll only see a market correction rather than a collapse.
Whatever the case may be, things are looking up right now. It's been a long, hard couple of years for all of us, and we all deserve a little spring sunshine.
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