Are you a market follower? If you are, you know the bond curve inverted this month. If you look at the last 40 years, you will also know that 12-18 months following inversion, a recession occurs. So, that begs the question, what will August 2020 to February 2021 look like (economically)?
(here is a great video to explain the inverted curve for those interested).
The 2008 recession was due largely to the housing crash & the common practice of having 3 or 5 year arm mortgages. When the arm portion was up, rather than having a locked in interest rate, it became variable. This resulted in people not having the cash flow to make payments.
This recession is being attributed to trade policy, geopolitical crisis and / or stock market correction.
At least this next potential recession is not being caused by the housing market. But how will a potential recession impact the real estate market?
Houses will be on the market longer, with less bidding wars. This means its becoming a buyers market once again.
Maybe the inverted curve will be wrong. Stay tuned....and its an election year.
What does a balanced life look like to you? It is different for each of us.
How does where you live and work impact this?
Although not related directly to real estate, life balance makes that part of my life possible. I have been pondering this a lot as our family heads back into the craziness of the school year (watch out PK & 1st grade, here we come!).
Career..............Family..................Volunteering................Self-care / Health...............Friends
Most of us take our life for granted until we see someone else struggle. Some of those close to me have been battling cancer, being part of their battle makes me reevaluate & question everything. And repriorize.
So....how are YOU doing? Remember to listen to your inner voice, it helps you keep life in balance.
Our monthly DATE NIGHT is tomorrow night & I am pumped! Having time to hangout with my spouse without kiddos is something sweet for me, and helps us maintain our 'balance'.
Find yours, life is so much better with it.
Have a good week peeps.
fiscal responsibility: Living within your means.
YES. Its a thing. A VERY important thing.
So why it that Americans--consumers & organizations alike, are we so bad at it?
Take time & reflect on your fiscal responsibility. How are you doing? What could you change? And more importantly, stick to your plan.
Hi, I am Summer, real estate agent in NE Iowa. This blog is about life, of which Real Estate is a part of. Happy reading!