1,458,019
From what I understand, it was along overdue correction. The majority of people do not make knee jerk decisions but are in for the long haul. It was said, if people didn't open their returns over the past few months, they'd never have noticed a difference!
People will always need homes and I don't see that ever changing.
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Nancy Laswick
Phoenix, AZ
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Debbie Gartner
White Plains, NY
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Susan Emo
Kingston, ON
784,786
3,986,308
REal Estae is becoming a better investment...and some buyers are telling me that,
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Nancy Laswick
Phoenix, AZ
4,800,132
I don't know if it's a coincidence or a reflection of the stock market drop but the past few days there have been an unusually large number of price reductions in the local luxury home listings.
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Nancy Laswick
Phoenix, AZ
5,772,693
I agree with Sandy Padula and Norm Padula, JD, GRI , the Fed is so indecisive, it driving people nuts. No one likes having their portfolio lose its value, and we think this is a short term event. A
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Sandy Padula & Norm Pa...
, CA
292,685
Housing is slow to react. It does not have knee jerk responses like the stick market.
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Debbie Gartner
White Plains, NY
1,466,257
Winston Heverly I've heard this is just a correction; however, anything that affects the economy will eventually hurt the real estate market.
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Susan Emo
Kingston, ON
1,728,667
Many investors have lost big bucks. 401Ks ahve been severely affected. And all while the Fed sit around deciding which resort to hold their next meeting.
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Ron and Alexandra Seigel
Carpinteria, CA
5,583,328
there may be some hesitation on the part of buyers to jump....just what we need in this continuing fragile economy....
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Sandy Padula & Norm Pa...
, CA
1,664,636
6,423,496
597,572
Historically a downturn in the stock market has had the largest effect on the luxury home market. Time will tell if this is a correction or a downturn.
1,677,265
There is a mindset to the market, especially with higher-end buyers. I believe this is more than just a correction as the folks want you to believe like Fox business news & MSNBC. With the Fed rate at zero, what do they have to combat the next downturn, other than to print more money and debase the currency even more. Be preparing for Plan B folks.
212,755
I don't think anything to quick, we will have to see in the long run. Any decent investor had to have seen it coming though, I loved the stock market yesterday, was great side income!