We have had quite a wild ride across our planet during the last 15 months. A word-wide pandemic was followed by a sharp recession. As the pandemic wore on and wore many of us down, certain segments of the economy prospered and others remained stuck in recession. At one of our darkest hours, vaccines were approved and there was a light at the end of the tunnel.
Now, over 50% of the adult population is vaccinated. You can actually walk into an establishment without a mask on if you are vaccinated, which is a very good feeling. The cases of COVID have plummeted and if we continue to protect our citizens, there is good reason to believe that we can win the war against this scourge. And when we do win this war, what comes next? Will things turn back to normal, and if they do—what will normal look like?
Will many still wear masks as protection? Will restaurants continue to keep customers spaced from each other—or will they pack them back in? Will all sectors of the economy recover at a reasonably fast pace? There are a lot of questions still to be answered. We believe many of the technologies, such as Zoom, will stay with us even after the war is over. And recovery will not take place in a straight-line within all sectors. Again, some sectors never felt the negative effects of the pandemic, while others have a long way to go.
Dave Hershman is the top author in the mortgage industry. Dave has published seven books, as well as hundreds of articles and is the founder of the OriginationPro Marketing System and Mortgage School. Want to send this commentary and other news in a personalized format to your sphere database or on social media? Sign up for a free trial at www.OriginationPro.com.