Market Update 8/21/2020

Wow, can you believe we are already in the 3rd week of August? This year is flying by, even in these crazy times. This week’s market update discusses the continued need for new homes on the market as buyers have little to choose from. While seller’s are thriving in this market, it still leaves the question, as investors if you choose to sell your property, where do you put that money once it is sold? Is it smart to keep it in real estate or is it time to look into other investment opportunities? Here from the owner of Capstone, Ed Drummond, about what he is personally doing and what he thinks is in store for the market in the coming months and year(s).

While we do not want to see people lose their jobs and further lose their homes, with the current state of the economy, there is always the chance that this could happen. If or when it does, the demand for rental homes will rise as those who have lost their homes in foreclosures will need to rent for the foreseeable future. Again, we never want to see this happen but we have to give honest opinions and assessments for both sides of this. As investors, this could mean more opportunities with future rental properties.

From a buyer’s standpoint, the market, while limited on supply, is still very great with low-interest rates helping home-buyers lock-in unbelievable rates.

Check out the full video below for this week’s Phoenix property management and real estate update!

As always, if you have any questions or would like to talk to one of the professionals at Capstone Realty, call our office today!