Tampa, FL · Member since 2017 · 240 posts · 153 votes
S&P 500 maintaining steady, only 13% or so away from all-time highs. Less and less panic buying of toilet paper and paper towels at the grocery store. 2nd or even 3rd round of stimulus checks coming. Perhaps the real estate market overall in the US will only take a minor hit that will last for 12 months tops?
@Jason Chen I don't know. I'm a realtor here in Cleveland and I've had some conversations with lenders who are saying this is going to be really bad. They are saying lots and lots of people are on the edge of trouble coming up on their second missed mortgage payment. Right now, things are being artificially held in check with the stop gaps the government is putting in place to keep the bottom from falling out. But when the real estate market catches up with the reality that a lot of people are facing, it could be pretty rough. Especially if this thing comes back and there is another round of closures. I hope you're right.