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THE
REAL ESTATE MARKET OF TODAY By: Lucinda Hage Principal Broker/Owner Coldwell Banker Professional Group If you take a look at the graph, you see that during the “Dot.com” scare and after the 9/11 terrorism attacks, the stock market showed volatility like we’re seeing today. However, ith COVID 19’s affects sweeping through the housing market wasn’t affected, and our nation, and the country going quiet home prices actually appreciated. during the quarantine, real estate is still In the state of Oregon at this time real estate moving and people are asking, has been deemed a necessary business to “What’s happening to the keep active. Inventory was low prior to the virus, and now with historically low interest housing market?” rates we are seeing even more buyers out Though we have not had this exact situation looking for their next home then we had before we can look back in history to similar three or four weeks ago. times. 9/11 has a lot in common with what is happening today. People are avoiding crowds All of that said, the answer to the question, and the same part of the economy is under “Should I be buying or selling right now?”, as always, we believe that each pressure. individual situation should be evaluated before buying or selling property. We’re encouraging all buyers and sellers to have in-depth consultations with their realtor and lending advisor prior to making this decision. Also, all processes of buying and selling property should follow all the health and safety guidelines set forward by the state at that time.
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