What IMPACT does covid-19 have to our current real estate market?

[Ruben Kanya]

First of all, I hope everyone is doing well wherever you are and if you have the luxury to be reading this post, I would like to address the obvious. What are some things that we can anticipate will happen in our local markets with fed rates dropping, businesses temporarily on hold...what types of real estate will be impacted the most. For buyers, sellers, agents, mortgage lenders...

...for example, rates have dropped down very low so there is a large volume of folks refinancing (as they should) what can we expect for folks who were currently looking to invest right now? I have 2 buyers that are on the verge of terminating their contracts... Should an investor wait at this time? Buy right now? Should one sell?  Will home values drop? Do you see any impact as a multifamily (apartment) investor?

Please share I think this is an important conversation to have, we welcome any type of feedback with respect to your business model, it's good to paint a picture and understand how everything may interconnect with our current economic situation with the occurrences of what is officially being called a pandemic.

[Scott Savard]

@Ruben Kanya this is already a topic of discussion. You can join the discussion here.. https://www.biggerpockets.com/...