Monday, August 24, 2020

  In March when this China Virus hit, we thought Real estate would tank. We thought Sellers would not want to Sell and Buyers would not want to buy. This is the formula for a stagnant market and lower home Prices.

But the opposite happened. The Market went and is still Crazy, Indiana and Illinois! Prices are Rising. Homes are getting multiple offers. Demand is outrageous!

Buyers are out in droves. Sellers are not in the mood to sell. This creates high demand and low inventory. When this happens...... Prices Rise!

We are not sure why a pandemic would create such a crazy market, but we have our ideas. 

One thing these buyers have in common is they all drink Lake Michigan Water. Maybe there is something in the water?

How about Crime? Good people want their families to grow up in a less volatile area. Are they all relocating for that reason?

How about Covid? We now know that crowds and prolonged exposure in crowds spread the virus. Are these buyers moving out of the urban and wanting suburbia?

It is our humble opinion that 2 of the 3 theories are correct. To what degree is up to the smart folks to figure out.

I know this sounds like a real estate cliche, but if you are going to move in the near future, now should be the near future! After what we have experienced in 2020, we don't know what the hell is yet to come!

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