Real Estate Update 2020: With everything going on in the world right now, I think this is a good time to take stock of exactly where we are and provide an update on the real estate market as I see it. Is now a good time to be investing in real estate or is a housing crash about to strike? Well the good news is there's some really bullish news for real estate investors. We've got: - record low mortgage rates which has helped boost demand for housing - strong August real estate market - new home sales in the US increasing at the fastest rate since 2006 - new home builder confidence at an all time high …I mean, at the current pace, we're going to run out of homes for people to buy in just over three months! But then on the flip side we've got to be mindful that this could turn around very quickly. There are two main fears: 1) People are struggling to pay their mortgages. We're looking at several million people that will hit the nine month mark without having made a payment when the federal foreclosure moratorium expires at the end of the year. The Department of Housing and Urban Development data shows that 17% of FHA insured mortgages were delinquent in July 2) The frantic buyer demand is pushing prices so high, leading to an affordability crisis in which these higher home prices strip away the benefit from the lower interest rates. Now I don't have a crystal ball, but the experts all seem to be in agreement that market conditions won't be changing any time soon. So, here's what I'm going to do... I'm going to take advantage of the substantial demand and I'm going to sell a few of the more problematic properties in my rental portfolio. When Spring rolls around, I'll be looking to redeploy those profits into new rentals. And then I'm going to consider some super quick fix and flips with the opportunities that my seller marketing is generating. If you can secure deals off market at wholesale prices and sell them on market at retail prices to retail buyers, you'll likely be in a very good spot. There's probably never been a better time since 2006 to double down on wholesaling.