With the drop in the DOW today now under 17,000, should we be worried about housing next?

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Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA (Winston Realty, Inc.)

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Rainmaker
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The Woodland Team of Texas

The Woodland Companies - Austin, TX

Land Specialists

Probably not.

Nov 19, 2018 09:14 PM

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Bob Crane

Stevens Point, WI

Rainmaker
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Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

Perhaps today or next week the dow will be right back up. The concerns were not in the US but external so it is a short term dive only to come back. The real problems for real estate will start when they raise interest rates.

Aug 20, 2015 10:00 PM

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Debbie Gartner

White Plains, NY

Rainmaker
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Chris and Dick Dovorany

Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL

Broker/Associate at Premiere Plus Realty

The DOW is industrials, there are many other ways of running this economy. When the DOW goes down the bonds go up.

Aug 20, 2015 03:47 PM

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Debbie Gartner

White Plains, NY

Rainmaker
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Joe Petrowsky

Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT

Your Mortgage Consultant for Life

Good morning Winston. We have been heading in this direction for a while. The economy is pretty weak, in spite of what is being said. We are already at the lowest level of home ownership in nearly 40 years.

Aug 20, 2015 07:42 PM

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

It is a legitimate concern Winston, hopefully it will bounce back.

Aug 20, 2015 04:51 PM

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Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

I'm not worried about it. I'm putting money in the bank while I'm making it so I'm prepared for whatever comes.

Aug 20, 2015 02:39 PM

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Rainmaker
3,920,661

John Pusa

Berkshire Hathaway Home Services Crest - Glendale, CA

Your All Time Realtor With Exceptional Service

Winston, very good question.

Aug 20, 2015 01:38 PM

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Rainer
231,174

Mike Rock

Complete Design - Granite Bay, CA

Granite Bay Luxury New Construction...For Less

no , they are not really tied as tight as you might think. and housing is stable. thou some markets are always more sensitive. some less. new housing starts are recently up, but overall still behind

Aug 20, 2015 01:25 PM

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Rainmaker
1,771,817

Noah Seidenberg

Coldwell Banker - Evanston, IL

Chicagoland and Suburbs (800) 858-7917

No it is a correction and will bounce back.

Aug 20, 2015 01:04 PM

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Perhaps today or next week the dow will be right back up. The concerns were not in the US but external so it is a short term dive only to come back. The real problems for real estate will start when they raise interest rates.
The DOW is industrials, there are many other ways of running this economy. When the DOW goes down the bonds go up.
Good morning Winston. We have been heading in this direction for a while. The economy is pretty weak, in spite of what is being said. We are already at the lowest level of home ownership in nearly 40 years.
It is a legitimate concern Winston, hopefully it will bounce back.
I'm not worried about it. I'm putting money in the bank while I'm making it so I'm prepared for whatever comes.
no , they are not really tied as tight as you might think. and housing is stable. thou some markets are always more sensitive. some less. new housing starts are recently up, but overall still behind