Coronavirus Real Estate Market Update
There is so much uncertainty about Coronavirus and stock market that some people are concerned about housing crash like in 2008-2011. Today’s market is nothing like financial crisis of 2008. Here are 5 differences:
1. We have low inventory
2. Mortgage standards are higher
3. Prices have not gone up as quickly as last time
4. People have higher equity in their homes
5. Affordability is high due to higher wages and lower interest rates.
Great time to SELL your home and also BUY due to historical low interest rates. Let’s chat to find out what’s best for YOU! Call me! 858-345-0685
Shirin Rezania Ramos
Berkshire Hathaway California Properties
Lic# 02033796
