Ever seen those yellow “Sell Your House Fast” signs they put up freeway exits or on light poles all round the country?
Well, you’re about to see more of those.
That’s because a week ago, the Fed announced the latest GDP (Gross Domestic Product) numbers.
No surprise to me – the economy shrank for the second quarter in a row.
This means we’re officially in a recession.
Well, maybe not officially – because Fed chair, Jerome Powell, tried to change the definition of recession, saying…
“I do not think the US is currently in a recession and the reason is, there’s just too many areas of the economy that are performing too well.”
OK, so it’s a recession – because that’s what 2 negative quarters means…
But it’s not a recession – because the Fed doesn’t want it to be?
You can’t make this stuff up!
Anyway, the American people are not dumb. They know we’re in a recession…
Right after the Fed’s announcement, Google searches for the phrase “sell my home fast” jumped a crazy 28.5X.
In case you don’t know, when people search that term, it’s often because they’re desperate.
So, it’s not a stretch to say that homeowners in America are feeling the pinch more and more.
And the latest Fed announcement drove some of them over the edge
What about you?
Should you scoop up some bargains on single-family homes then?
There’s a far easier, far safer way to play the real estate game.
And it’s the best time in history to do so.
Keeping it real,