April 2020 Market Update

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April 2020 Market Update

Wow! We are in some scary times right now. I hope each and everyone of you reading this month’s market update is staying home safe and sheltering in place with their loved ones.

Before I get into the real estate market, I would like to first take a moment to thank our front liners - our doctors and nurses, caregivers, first responders and everyone taking care of our sick and the elderly. Thank you for your dedication to keeping each other safe. Three of our agents, Tess Padron, Kim Bautista and Shay Amid…

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March 2020 Market Update

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March 2020 Market Update

March Madness is upon us (and I’m not just talking basketball)!

As many of you know and felt, the stock market crashed last week, leaving a painful sting in most of our pocketbooks. For the real estate market, however, it triggered an upswing as buyers aim to take advantage of their increased buying power with historically low rates. After the stock market crashed, the Fed announced a huge emergency interest rate reduction to stimulate the economy and counteract the Coronavirus scare. It's the fourth rate cut since the start of 2019 and we now have the lowest rates in 3.5 years. From what I see, the Fed's plan to stimulate is working. There has been a surge of refinances, but also, in terms of purchasing, I have noticed buyers stepping up their motivation to buy in order to lock in these incredibly low rates…

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