Today we all need to read uplifting articles and stay optimistic about the future.
Many of us are overwhelmed by information and disinformation on what to expect in the future.
Before we write our real estate article, we do extensive research to bring our readers the most up-to-date information. The information on real estate was overwhelming on predictions for the last quarter of 2020 and the upcoming 2021.
It will do us all good if we believe today is a good day and reflect on the good news that we are about to present:
The real estate market, which is a major factor in the outcome of our economy is staying STRONG!
- The Lake Area is seeing a record number of sales (seen in my stats from last week’s article). Sellers are seeing their homes sell at a profit and staying on the market a shorter amount of time.
- “The Federal Reserve at its most recent Federal Open Market Committee meeting recommitted itself to keeping short-term interest rates near zero for the foreseeable future, which likely means through 2024. The Fed is also continuing to purchase $80 billion of Treasury securities and $40 billion of mortgage-backed securities every month, adding to its balance sheet. The Fed is “all in” to do whatever it takes to support the economy. Its statement said that it will be willing to tolerate inflation levels above 2% for a time. That means that the Fed will not raise short-term rates even if inflation begins to pick up but leaves unspecified when it would act to curb inflation.” (Kiplinger’s Report by David Payne Nov. 10,2020)
- Now that tens of millions of people have experienced working from home for months, the trend is likely to continue forever. Working from home is more efficient. As a result, productivity also increases. With more people staying at home, the value of a home goes up. Any time you use something for a longer period of time, you care more about that thing. People want to buy homes with views, more land for their children, and homes with home offices. People want to buy homes that are in less densely populated areas of their city or in a different state. (Financial Samurai)
- With people using their homes as a multiple purpose facet, people are putting more into their homes. Many are taking money from their 401k’s, or the market and investingin homes. They might see the investment as a tangible asset. Higher priced homes are selling well.
Experts point out that it’s still too soon to make reliable Housing market predictions for 2021. It all depends on how much longer the nation must deal with the coronavirus pandemic as well as how quickly the economy
To conclude: We have been hit with a world- wide pandemic, national election, and being quarantined and separated from our loved ones which is like we have never experienced.
However, we as Americans have always been resilient and never waver when it comes to being strong and overcoming our challenges.
It would be nice if we could have the genie come out of the bottle and give us a solid prediction. We all know that is impossible. So, stay close to God in prayer. He will keep you in a positive mood and He alone is the only One who can decide the future.
THOUGHT FOR THE DAY: Always end the day with a positive thought no matter how hard things were. Tomorrow’s a fresh opportunity to make it better.