Will the Stock Market Affect Real Estate?
The stock market’s wild ride of last week has caused many people to take a closer look at their financial picture. But financial experts say it shouldn’t have a negative effect on real estate, at least at this point. The stock market has been unusually calm over the last year and last week’s gyrations, although marked by bigger swings than normal, are actually more typical than a constantly upward-moving market. If the stock market continues to slide over time, potential homebuyers may elect to take a breather while they assess their nest eggs, but a dipping DOW doesn’t, in and of itself, constitute an immediate danger to the housing market.