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Real estate is a people business. The business of real estate reacts slowly to fear, but there will be less buyers and sellers at the same time during the coronavirus. This might keep prices stable (due to low inventory), but will *delay demand.* The only properties that will likely continue to sell and sell at a discount are fixers, trust sales, probate sales, distressed multifamily, and others. Delayed demand combined with low interest rates means we’ll likely see a large boost in values AFTER the coronavirus.
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❎I am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them — DO NOT make buying or selling decisions based on Kevin’s videos. If you need ANY professional advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575.
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