We talked to an attorney recently who works in the bankruptcy area. We all know that the housing market is red hot right now, and there is a shortage of single family homes. My friend thinks that many people are reluctant to put their houses up for sale right now because of the virus. They don’t want a herd of strangers trampling through their home, potentially bringing the virus.

My friend thinks that 9 months from now, when many people have been vaccinated, that a lot of houses will be put on the market, and that there will be excess inventory, and plunging housing prices.

Let us be clear that we are not agreeing or disagreeing with this theory. We have only said that we find it interesting. The only thing we know for sure is that no one can predict the housing market or stock prices. Another thing that we do know is that one of the reasons that the housing market is strong is because mortgage rates are at an all time low. Perhaps you should get in on these low interest rates.

Ruth Schoenherr is a mortgage broker who will help you find home loans in the Clearwater, Palm Harbor, Largo, Safety Harbor, St Petersburg and Tampa Bay area. For more information, go to her web site at www.ClearwaterMortgageBroker.net or call at 727 447-2418.