Timing the Real Estate Market in the Coronavirus Pandemic

Here we are, a couple of months into the Coronavirus / Covid-19 Shelter-in-Place order, and the job losses are mounting up. Tens of millions of them. We are already in a recession, and it looks like the recession is going to be the biggest since the Great Depression – steeper, even, than the financial collapse of 2008. Given all this, many would-be homebuyers are looking at the housing market and wondering if they should hold off on buying a home what with everything that’s going on. That’s a fair question! More than fair, actually. To that, I say: it’s impossible to time the market. You can try, and you might get lucky. And certainly, it’s best to always pay the least you can for anything you buy…but what if you find the perfect house for you, the one you’ve been waiting for a long time…should you buy it in this market, or just let it go? I address that very question in this episode of It’s a Seb Show!