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Market Too Hot

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Joined: 53 years ago
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Is the market too hot to buy in right now?


   
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 Jake
(@jacobh189)
Member Moderator
Joined: 2 years ago
Posts: 6
 

Hello Dan,

      The market is really hot right now, but we have been waiting for a cool down since 2017.  I don't see a major correction coming in the housing market.  Foreclosures have recently inches up a bit, but there is a housing shortage right now.  With this said, it is still not appropriate to over pay for a real estate investment.  It takes patience and timing to get a property that is well priced.  It is a good time to look at non moving ready properties.  The housing increase has not raised those properties prices as much.

   For commercial properties, Covid has fundamentally changed the market.  People are working from home, stores are closing, etc.  There are some great buys out there.  I think that this sector will continue to drop in price as the market is saturated with properties for sale.

 

Thanks Jake


   
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