I can't tell you how many people I talk to and help to educate them about the possibility of buying a home. Being a home owner. Not a home "paying down someone else's mortgage" dweller. It is a big deal. It is the one opportunity you have in life to increase your wealth and leverage your future. So why don't more people buy a home? Why does home ownership seem so elusive to some?
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Lets face it. It has been a tough year for most. I am quite certain when we all toasted in the new year, we had no idea what was in store. With a new year brings new optimism and we all had stars in our eyes. And then...boom! COVID, wild fires, businesses shutting, delays in PCS, housing goods caught in storage from the over 30000 troops with delays in moving, housing shortages, more wildfires, and an election. Yuck. Over it. And yet, here we are, doing what we do. Pushing on. Forging ahead. Not giving up ground.
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It may seem a bit premature to talk to you about buying and selling during the holiday season, but let's face it! If you are going to uproot your life whether it be PCS, ETS, or simply just buying and selling a new home, the holidays are riddled with challenges and also benefits. This year also brings added levels of challenge. COVID had delayed close to 30,000 military moves, upsetting and disrupting the entire military moving industry. Many families found themselves in limbo due to goods being picked up, their homes already being sold, and then being told they couldn't move. These families now find themselves transitioning and looking for new homes. Other Veterans simply waited to see what the market was going to do before making a decision to buy or sell. Couple these factors with record low VA Loan interest rates, an election year, and already low levels of inventory and we have a literal goat rope. Let's face it. This is no ordinary market and this season will not be an ordinary season.