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Today I’d like to talk to you a little bit about stock market volatility and how it impacts the real estate market.
When the stock market is going up, people tend to be more optimistic. That results in higher spending and a stronger real estate market. When the stock market goes down and starts to get choppy, people are less likely to spend and less likely to get involved in real estate. As fewer buyers come on the market, we start to see inventory climb.
The stock market has been really good for us this year, but things have started to get a bit more choppy recently. The interesting thing is that buyers are still buying at an aggressive clip. We put 30 homes under contract last month on our team alone.
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The stock market has been choppy, but buyer optimism remains strong.
As of right now, the Phoenix market remains strong. Buyers are still buying, unemployment remains low, and optimism is high. If you want to know more about the market, what your home might be worth, or anything else about real estate, don’t hesitate to give me a call or send me an email today. I look forward to hearing from you soon.
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