Is the HOUSING MARKET about to crash? Or is this the best time to buy real estate in the history of the world?
Today I analyze the residential REAL ESTATE MARKET since the onset of Covid 19 and make some housing price predictions for 2020 and beyond.
I highlight national MARKET STATISTICS including months supply of inventory, pending sales, transaction volume, pricing trends and the varying dynamics between luxury home sales versus entry-level housing.
We also look at how the CORONAVIRUS OUTBREAK affected the housing market in China, how it recovered, and go over how other property markets have recovered after prior pandemics in Hong Kong, Paris and Amsterdam.
I detail the specific differences between the 2008 housing market versus the 2020 housing market with charts and graphs, including current and past LENDING CONDITIONS that affect buyer decisions and the entire market.
I go over current economic conditions including unemployment claims, GDP predictions, state shutdowns, GOVERNMENT AID PROGRAMS, and explain how these factors affect the US housing market further into 2020.
I also summarize expert investment banking, industry analyst and economist PREDICTIONS FOR HOUSING in 2020, both bulls and bears, and I discuss what can go wrong, including DEFAULTS AND FORECLOSURE, more job losses, business bankruptcies and Federal Reserve intervention.
And finally, I wrap it up by answering the question—Is the housing market GOING TO CRASH or is now a good time to buy real estate?
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