15 Jan My thoughts on how the economy will affect MN reale state
My thoughts on how the economy will affect Minnesota real estate.
The pandemic took the first American life on February 6th of 2020 caused concern. Now that we have had almost 400,000 Americans lose their lives this has had a profound effect on every State and every city in America. It should be mentioned that it is quickly approaching the number of American lives lost in World War II. Our the ‘Greatest Generation” sacrificed so much for our county. It is time for us and this generation to help each other through this terrible period.
This horror movie type event has hurt America where it hurts most. It took our elderly who in so many cases are grandmothers and grandfathers from us. It closed businesses throughout the United States and hurt our small businesses the most. Small businesses are the backbone of America and the dreams of so many. The list of tragedy goes on and on.
So, what do we do? We follow the guidelines to protect our fellow Americans, we help those in need, and we work together as Americans to win this terrible battle. We can be the next “Great Generation!”
How will it affect Minnesota real estate?
With so many unemployed, furloughed, and small businesses in trouble it has made many decide not to buy a home or sell their home and buy another. So, our inventory of homes is down, and this creates a hectic demand for those are still buying. The current federal and State of Minnesota stimulus programs will help Minnesota real estate because it helps the people and small businesses. There will be more support and ad from the Federal level this winter. That will help us survive until the pandemic vaccinations start to start to stop the spread of COVID-19.
I predict we have pent up demand for restaurants, travel, small businesses, and Minnesota real estate. Once we can move around freely with a sense of confidence the customers of Minnesota will be on a mission to get out and enjoy once again what Minnesota has to offer. So, I am optimistic of our economy, our State and Minnesota Real Estate.
Let us do this together!
Look for more articles and videos in the future on different aspects of Minnesota real estate and our state of Minnesota.
Real estate is a wonderful investment!