Don’t let fear get the best of you in this changing market.
I once heard that the word "fear" can either stand for “Forget Everything And Run” or “Face Everything And Rise.” Personally, whenever I see fear on the horizon, I always treat it as an opportunity. That way, when an opportunity does arise, I’ll be ready to jump. Buyers and sellers who are nervous about the current market should respond to fear in a similar way.
Last month, we had between 300 and 400 homes available on the market. However, our inventory has tripled over the past four weeks. That is great news for buyers who have been waiting for more options. Still, to satisfy the demand of the 715,000 people in our area, we’d need somewhere around 6,000 or 7,000 available homes.
"The word 'fear' can either stand for 'Forget Everything And Run' or 'Face Everything And Rise.'"
Keep in mind that there’s always a market, no matter what is going on. For example, just after the wildfires that burned homes and land in Waldo Canyon and Black Forest, we noticed there was an economic boom in those areas. Make no mistake—we are in for some unruly times in the market to come. Just remember that there is always a way to capitalize on the current conditions of the market.
Since there will also likely be some significant upticks in the stock market, I advise you to partner up with a financial advisor. I work with a few phenomenal advisors that I’d be happy to recommend.
If you have any questions about what’s going on in the market or would like to contact one of my financial advisors, give me a call or send me an email. I’d love to hear from you.