RE:RE:RE:RE:RE:24 th of February will be excellent for the stock Anyone who bought thinking real estate always goes up is going to learn a hard lesson in economics. The last 40 years rates have declined from 18% now down to record lows of approx. 1%. Result = record sky high home prices.
The US FED made a mistake last month by not moving, now will need to play catch-up with a 1/2 pt move next March and maybe 6 more moves this year and more next. Result = negative pressure on real estate. Everything works in cycles, real estate is just much slower to correct and less volatile than stock markets.
bicente wrote: housing up 21% .. inflation through the roof 5.1 % , unseen for 30 years ... a few reasons for stocks to tumble ... there always is ... GLTA
comquat wrote: looks red to me