The COVID-19 Pandemic Has Impacted Everyone and Edan Vidoser Is Here To Take a Closer Look at the Real Estate Market During the Pandemic
During the past few months, the world has been through something that has not been seen for more than 100 years. This pandemic has led to millions of cases and hundreds of thousands of deaths already. On top of all of this, Edan Vidoser has watched an economic crisis unfold as well. One of the industries that has been hit during the pandemic is the real estate market. It is important to take a closer look at what this market has gone through since the pandemic started.
Edan Vidoser Reviews the Role of Low-Interest Rates on the Real Estate Market
First, it is important to note what happened to the interest rates once the pandemic hit. The government has tried to pump more money into the market which is where the Federal Reserve stepped in. Edan Vidoser watched as the central bank slashed interest rates over and over again, reducing them to zero. In response, smaller banks all over the country also slashed their interest rates, making it easier for people to borrow money. Now, people should be taking out home loans and refinancing; however, this is not necessarily what is happening. Edan Vidoser is taking a closer look at why this might be the case.
Edan Vidoser Discusses Why the Housing Market Still Has Very Little Interest
Even though the housing market has low-interest rates right now, Edan Vidoser has not seen an increase in the number of people taking out home loans or refinancing. The reality is that Edan Vidoser knows that it is hard for people to get out of their homes right now to take a look at their options. The real estate market has adjusted with virtual tours and drones to make it easier for people to look at homes. Eventually, the housing market may start to pick up, particularly with current interest rates.
Edan Vidoser Explores What the Real Estate Market Will Be Doing Moving Forward
Finally, Edan Vidoser would also like to review what is going to happen with the real estate market moving forward. The reality is that many of the changes in the real estate market might be here to stay. He knows that eventually, the pandemic is going to be behind us once there is a vaccine available. At the same time, he understands that those who are looking to invest in the real estate market now might be concerned about their short-term prospects. Edan Vidoser believes that everyone should relax and stay the course. These interest rates are not going to stay low forever so now might be a time for people to consider jumping into this market.