OPERATIONS
MARKET CHALLENGES
How to Thrive in Turbulent Markets
CONSIDER THESE FIVE STEPS TO GUIDE YOU TO CONTINUED SUCCESS.
by Arianne Lemire
nflation. War. Recession. Market crashes. Interest rate hikes.
I
These are just some of the head- lines we’ve seen during the last few months. Many people are scared and don’t know what to do. During these times, it helps to pause, observe, plan, act, and adjust. PAUSE So many things play at our emo- tions, especially with the media and social media throwing hundreds of messages at us all at once. When we feel overwhelmed, it’s important to pause, take a deep breath, and then move on to the next step. If we can reign in our emotions and focus on the facts instead, we can figure out the best move we need to take to make sure our family and investors are taken care of. OBSERVE What facts can we observe and collect? It’s important to look at the hard facts and data so we can draw our own conclusions. The data can help us see what problems we may be facing.
For example, as real estate investors, we care a lot about housing prices.
What dictates housing prices? Primarily supply and demand. For supply data, you can ask your realtor for the data in your local market and see how much supply is being added to the housing inventory
Arianne Lemire
30 | think realty magazine :: july – august 2022
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