Stocks Are Down, But What About Housing?

Dated: February 29 2020

Views: 68

Stocks took a beating this week. It could be the worst week in history. It is as bad or worse than in 2008.  I am sure there are plenty of people watching it and getting very nervous. Every day we wake up to bad news. And that does begin to weigh on the average American. If people get nervous they stop spending money and that will lead to a recession.

That being said, the FED is already saying they may be looking at 3 interest rate drops in March. They refuse to let the economy fall and therefore I would expect a lot of money being pumped into the debt markets at QE(or whatever the latest catchphrase is) continues. Good economies do not require interest rate drops and/or printing of money in order to keep them going. So I think at this time I would watch the debt markets and what the FED is doing, not saying.

There is a good chance interest rates continue to fall creating even more free money. The Coronavirus continues to keep people on edge. There are just a lot of unknowns right now. But what we do know is housing continues to be in demand locally.  

Let's see what we do as we move into next week and the full month of March. 

Blog author image

Patrick Muldoon

I have many interests and hobbies to supplement my busy career in real estate. Although I enjoy my work I also enjoy finding free time to enjoy the most important things in life. This includes being w....

Latest Blog Posts

Does Fall Bring a Fall in Housing??

The fresh scent of fall was in the air. The days were still hot, but the evenings were cooling off and you could sense a change in the weather. Colorado can really have some great fall weather when

Read More

August keeps the heat on with housing.

“As kids returned to school, and families finished out their summer trips, we felt a slight lull. Social media in the REALTOR® world was discussing a possible stall. Are showings down?

Read More

The 4th and More

While prepping for Independence Day, many REALTORS were also trying to predict what July’s real estate market would bring. Buyer fatigue was setting in, and REALTOR rigor mortis set in about 6

Read More

The Heat is On-Summertime!!

"June, the month that finally ushered in Summer!!!  June 20th struck the official date of summer, but the housing market had never left last summer. There was never a fall or winter for

Read More