To my amazing newbies, I hear you and I get it: You're probably wondering how in the world might the future of the housing market in the wake of the global corona-virus pandemic affect your property values. Many of you closed escrow with equity already building in your homes. Rest assured your property will be just fine. Consider the conversations we had during escrow about the importance of buying and holding real estate. This is a long term process. What's so amazing about your investment is it is the safest investment of them all. Unlike the stock market, whereas values can drop drastically in one day, the housing market takes quite some time to be affected. In the event that property values do see movement, it'll likely be minimal, temporary, and see improvement fairly quickly after any impacts.

Remember, this is one of the many securities you gain with property ownership: As long as your mortgage and taxes are paid, your investment is practically fail proof. Get comfy and ride the wave out. You can thank me later.

Another tip I'd like to provide is the ability to refinance. This may be an option if you closed with a higher mortgage rate than you would have liked as a result of a lower credit score or perhaps you needed to take advantage of lender credits to make your initial deal work. Taking advantage of a refinance, should you be eligible to, may bring additional financial resources at this time and moving forward if needed.