This Too Shall Pass – an Interview with Dr. Lawrence Yun #201

<blockquote> <p style="text-align: center;"><strong>“It’s going to pass. This short-term virus negative impact will pass.” – Dr. Yun</strong></p> </blockquote> <p> </p> <p style="text-align: left;">In these uncertain times, it’s vital to arm yourself with facts so you can prepare for and deal with any challenges. In this special bonus episode, Brian interviews NAR Chief Economist Dr. Lawrence Yun and gets his take on how the economy and the housing market will be affected by the Coronavirus. Replacing fear with facts, this content will help you navigate this difficult time for our country, our world and specifically our marketplace.</p> <p> </p> <p><strong>YOU WILL LEARN:<br /></strong>• How fluctuations in the economy will impact the real estate market.<br /> • If the Spring selling season will be pushed back into Summer.<br /> • Why the economy and the real estate industry will bounce back.</p> <p> </p> <p><strong>INSPIRATIONAL QUOTES FROM THIS EPISODE:</strong></p> <p>“We have faced many, many different crises in the past as a country.” – Brian Buffini</p> <p>“Housing is on very solid ground, yet we are running into this economic quarantine ... that is shutting down the economy temporarily.” – Dr. Yun</p> <p>“The banking industry is in a completely different spot than it was going into the last recession.” – Brian Buffini</p> <p>“No matter what, this is going to be a shorter-term situation than what we faced with the last recession.” – Brian Buffini</p> <p>“If it is of short duration, one can anticipate quite a strong real estate rebound after say one or two months of somewhat of a lacklustre activity.” – Dr. Yun</p> <p>“We had a housing shortage going into this virus situation. And if the duration of this virus negative impact is short … we’ll run into the housing shortage right away again.” – Dr. Yun</p> <p>“If you don’t sell, you haven’t lost anything.” – Brian Buffini</p> <p>“In this time of crisis, the one place that people had to go to for their safe haven was their home. Their homes became their shelter