THIS TOO SHALL PASS...

In 1859, before he was president, before he suffered through that harrowing train ride to Washington on his way to office where many thought he would be killed before he arrived, before the Union tore itself to pieces and around 750,000 people died in the Civil War (the total number dead is still unknown), Abraham Lincoln gave a speech at the Wisconsin State Fair. The subject of the speech was supposed to be agriculture, but Lincoln decided to go a little deeper. 

He told the story of an Eastern king who asked his wisest philosophers to provide for him a sentence that would be not just true in each and every situation, but always worth hearing too. “They presented him the words,” Lincoln said, “‘And this, too, shall pass away.’ How much it expresses! How chastening in the hour of pride!—how consoling in the depths of affliction! ‘And this, too, shall pass away.’” 

This is a very relevant phrase in honor of tomorrow’s holiday for the current market.  Real Estate and Mortgages are cyclical. The good times and the bad times, the higher rates and low rates, the supply and demand! This too shall pass!

Choosing when to “TIME” the market is never an effective strategy for buying, selling or investing in real estate.  Instead, create a PLAN with your real estate and mortgage professionals.  A well located, well done property, correctly priced, with the right type of mortgage for your personal financial needs will almost always in the long term be a huge win.  Higher rates will be lower rates eventually and when that happens, demand will increase and prices will rise and then it will repeat over and over again. 

We deeply appreciate the trust and partnership you have extended to us. As some of the best realtors in Los Feliz and Greater Los Angeles, the Riley Real Estate & Home Mortgage team is dedicated to assisting you in discovering your dream home in the beautiful neighborhood of Los Feliz and surrounding Los Angeles areas.  We eagerly anticipate the opportunity to serve you in buying, selling, investing and mortgages and earn our reputation as a top realtor and make your real estate aspirations a reality.

Best,

Riley Schmidt