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Updated over 6 years ago on . Most recent reply

Account Closed
  • Specialist
  • Paradise Valley, AZ
2,935
Votes |
3,447
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Stock Market Stinks (Down -800 points Today) - Real Estate Great

Account Closed
  • Specialist
  • Paradise Valley, AZ
Posted

Here we go - it's just the beginning . . .  Is your Broker returning your calls?

"This Is The Tipping Point": One Bank Is Calling For A 30% Market Correction

Most Popular Reply

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Vinay H.
  • Cambridge, MA
247
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Vinay H.
  • Cambridge, MA
Replied

I thought I was seeing objects falling from skyscrapers in Manhattan until I realized these were investment bankers jumping out of the windows ....

Just kidding. We had 900 point decline in Feb and we are still standing.

HOWEVER, clouds are on the horizon

a) International markets have been routed - from 50% down in Asia and Russia to 15% down in Europe

b) Interest rates are climbing, 30 year mortgage hit -- shock, horror -- 5% again

c) Real estate markets in some regions are showing seasonal cooling down

d) Tariff wars

e) Oil prices rising

f) Employers cannot find employees

The next 12 months should be interesting ....

When the credit markets sneeze, the real estate market will catch a cold ....

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