The Dow Jones Stock Exchnage is based on a weighted average value of the top 30 companies publicly traded on the stock market. Investors in the stock market reacted to the news that our elected officials did not pass the $700 Billion Dollar bailout that would have eased the skid of the real estate industry.
Most home buyers of Long Beach homes and Southern California homes need to focus on the future verse getting worried about this temporary event on the stock market and our economy. If you are committed to purchasing or selling a home, you need to stay focused on your plan. Whether the stock market goes up or down, life goes on.
Back in the 1990′s, we had a recession. Prices on housing fell…while the stock market took went up. Then, after the recession was over, housing prices rose again.
My suggestion is to have your focus on this “expect great things to happen in your life today.” Always look for something good to happen each day. What can you learn, see and do today that you never knew about?
I could not agree with you more on this subject. I have so many people on the fence waiting to see what happens in the financial mess. I tell them all the time regardless of the outcome the market will plow foreword and the world will continue to operate. Now the interesting thing I am waiting to see, is if the Government will help stimulate the inventory by loosening the current Fannie/Freddie guidelines.