In recent weeks, we have seen the roller coaster effects of, at times bizarre, volatility in financial markets.

While this doesn't have a very immediate effect on real estate, it reminds us how quickly things can switch from what appears to be a very stable situation.

It also makes us realize how solid real estate remains as an investment, having avoided the peaks and troughs that have occurred in the shares market over recent years.

However it would be a mistake to think that this situation can last forever.

In 2021, we face a lot of unknowns, including how soon things will return to normal. Some investors have commented that inflation could be on the rise and there are always uncertainties with a new Presidential administration, in terms of how it will affect financial markets and real estate.

But right now there's a superb opportunity to sell and buy property in the Prescott area. There's still a shortage of inventory and buyers continue to be out in force and highly motivated to seal a deal, due to the continuation of near record low mortgage rates.

Of course no one can predict with certainty how things will pan out as this year unfolds. In recent years we've seen a large number of contrasting optimistic and pessimistic predictions that never came to be.

There's always a chance that playing a waiting game could reap dividends, but if there's no reason you cannot sell or buy at the moment then you have a range of relative certainties in your favor. Wait a while and the current very rosy picture might look less attractive. There are simply no guarantees, other than the great situation that confronts us in the present.

We'd be pleased to chat with you about your property goals and the very real opportunities in our market right now. Please call us at 928-445-2100.