The first quarter of 2020 showed big promises for a favorable real estate market largely due to a strong economy, low unemployment, and record-low interest rates. This all changed when the coronavirus pandemic hit this past March.
According to the “Los Angeles Times,” it is estimated that “as many as 30% of Americans with home loans—about 15 million households—could stop paying if the U.S. economy remains closed through the summer or beyond.”
So what does the second half of 2020 have in store for real estate?
Ken McElroy, Rich Dad Advisor on Real Estate, joins this episode of Advanced Lessons in Millennial Money to discuss: The impacts of a high foreclosure rate on residential real estate The impacts of the new “work from home” scenario for commercial real estate And what a new and experienced real estate investor can expect for the third and fourth quarters.
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