“While it may just be a momentary thing in today’s volatile market, it’s definitely something to keep an eye on in case it’s a sign that the market is finally cooling or giving in to some of the economic forces connected to the virus pandemic.”Homeowners selling their homes in the second quarter of 2021 owned their homes for an average of 6.3 years, down from 7.21 years in the first quarter of 2021 and down from 7.6 years in the second quarter of 2020.

I deal with some renters that have lapsed on their utility payments and I get call and/or letters about the tenants default.

Maybe professional PM won't destroy the margins, maybe my tenant will pay rent, and maybe this isn't the momentary home value peak that it feels like.If I sell, I can use the break-even proceeds to buy a local primary residence or some other investmentWhat would you do if you were me?

If the contract at this point has lapsed then raise the price substantially and tell the buyer he can take it or leave it.  

But if you haven't had this conversation with your agent then it is likely they only know of one problem you not making a showing due to a lapse in communication.

@Henley H.What will you do if you require Renter's Insurance and the tenant lets it lapse?

If the outbreak does gets worse, our economy could suffer another lapse, especially in the absence of more federal aid.

Get added as a mortgagee/loss payee to the insurance so if it lapses or there is a claim, you are notified.

This can be anything from missing a payment to allowing insurance to lapse or on commercial property having cash flow fall to where loan coverage ratio is below a certain amount.

This can just as easily be cheap steel from China.Inflation is both here to stay and will go up.  12% is possible, but only momentary.