Real Estate Market Update May 2020 (with George Gammon )
Jason Hartman and George Gammon discuss the current economic situation, and reveal a market update. You'll learn how real estate moves much more slowly than the stock market. Jason explains the capitalist phenomenon of price discovery or “market clearing” and how this affects the real estate market. George asks for an update on interest rates, broad markets, mortgage markets, and more.
There are many factors that tie into the real estate market and how property owners are affected. For example, judicial foreclosures and non-judicial foreclosures play a role in this. Judicial foreclosures take much longer, but non-judicial are quicker and better for the property owner.
Just because the laws are in place does not mean that the political climate matches up with those laws. As a property owner, you want to make sure that your state is landlord friendly, not tenant friendly. Generally speaking, liberal states are tenant friendly, and conservative states are landlord friendly, so this is something to keep in mind when choosing where to invest.
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