If you’re primary real estate business has been to sell to retail buyers, the future is not looking too good in much of the United States. Sales are are plummeting. A more real-time indicator, mortgage applications for home purchases, has fallen 22% since the first two weeks of the year, a slight improvement from the prior week.
Luckily, as real estate investors, we have many more tools in our tool box than retails sales!!!
Of course, real estate is a local business so one town could have better or worse results than another. I think it all depends on how many jobs have been lost.
What’s happening where you are??