Real Estate Outlook: Predicting the Stock Market's Affect on Housing

With the unprecedented shocks on Wall Street and the financial sector still pulsing through the national economy, it's difficult to predict just how all this will ultimately affect real estate.

But so far at least, Wall Street's troubles aren't creating immediate problems for home buyers, sellers and real estate professionals. In fact, conditions actually appear to be improving.

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Ivie's Article Review:

I like the last paragraph of this article: "So all in all, given the earthquakes underway in the financial system, things look surprisingly positive".

I agree.

This past year has been a great year for some fantastic buys. Granted, most of my sales have been waterfront cottages. The biggest thing is: PEOPLE ARE STILL BUYING! There are some great deals to be found.

As far as "off water" housing, this years statistics haven't been so optimistic. With all of the foreclosures in the area, competing with other home sales... it's been driving prices down. Investors are taking advantage of buying up many of these foreclosure homes, anticipating an upswing in the housing market, to come. Not only that, rental units are currently in high demand. Some local investors are buying foreclosed homes to fix up and rent.

Many predict that 2009 will be a better year. That’s good news! I feel that once the presidential elections are out of the way, people will get back to business as usual. Things will improve!