The current CoronaCrash that our stock market and overall economy is in the midst of is no joke. This damn virus, and the quarantines/shutdowns as a result, are already doing major damage. We don't yet know the extent that the housing market will be affected.
One thing is certain, real estate agents are scared, nervous, worried, and stressed. The uncertainty we're dealing with right now is causing many agents to take their foot off the gas, even questioning whether or not they'll even stay in the business.
What Realtors need is a roadmap on how to navigate an abrupt market shift, and some perspective on what the landscape will look like moving forward. This week, we talked to David Fanale, an industry leading real estate agent with over 40 years of experience. He's seen every tough market, downturn, crash and recession over the last 4 decades. David has successful survived and thrived through the ultra high interest rates of the Jimmy Carter era, the 1987 market crash, the dotcom bust, 9/11, and the Great Recession of 08/09.
David shares, from experience, what Realtors should be doing right now to survive and even grow in this extremely difficult time. As you'll hear, there are still so many opportunities that agents can take advantage of, but it takes a clear mind, and taking action.