Who Wants Some GOOD News?
During these challenging times our country is facing, we wanted to share some good news regarding the real estate market and the economy. According to USA Today, the housing market is healthy with the low mortgage rates. Which could be further pushed down by the Fed’s recent interest rate cuts-should bolster sales. If you are on the fence with selling your home or purchasing a new home, now is the time to do so!! Also, the economy is on far more solid footing than it was during the Great Recession of 2007-2009, which lasted 18 months and caused nearly nine million job losses. Household debt as a share of GDP is at historically low levels, down from record highs during the previous downturn. And Americans are saving about 8% of their income vs. just 3.6% in late 2007.
Not to mention, all the stories of people helping people. We all need to be there for each other during times of crisis. Check on your family, friends and neighbors. If you are able to, run errands for those in need. The Sarver Group is always here to help! We will get through this and be stronger because of it. Stay safe and healthy!