As Flowers Bloom South Bay Housing Market Do Too!
Even though the South Bay housing market looks as certain to rise as the spring shoots, behind that optimism is the perennial question about whether another “dip” is coming — a lot of which has to do with Wall Street. Remembering how 2008’s economic downturn saw the South Bay housing market and stock market take blows pretty much simultaneously.
It’s not far-fetched to assume that the two markets always move together. And while some folks are emboldened as stocks soar to record-level heights, for others, the same phenomenon causes altitude sickness. What goes up must…well, you know the rest!
South Bay Housing Market and Wall Street
Historically, the South Bay housing market and stock market are hardly inextricably joined. Nor should that be a surprise. On the one hand, the South Bay housing market reflects a real good (as ‘real’ as it gets!) — something that carries intrinsic utility. That won’t change until people figure out a way to exist without shelter.
Stocks, on the other hand, represent participation in ownership of a venture, and a share of financial gain (or loss) from its success. Both markets are influenced by some of the same factors (employment, inflation, etc.), but to different degrees. It’s widely agreed that the direct influence of one on the other waxes and wanes.
So when anyone thinks about whether a dip is coming in the stock market, and whether that should influence their real estate thinking, I’m pretty certain that the answers are less important than the more measurable effects that buying or selling a home will have on their day-to-day living experience.
South Bay Housing Market
With positive South Bay housing market data continuing to arrive (like the recent rise in land values — up 13% last year; the first annual gain in eight years), it’s hard not to agree with the majority of economists that the positive South Bay housing market trend is likely to keep going for a good while longer.
If you are considering selling your home and want to explore the South Bay housing market May, give me a call. Regardless of what each market is doing at any given time, I keep the latest up-to-date statistical and South Bay neighborhood information available for my clients.
Charles Fitzgerald Butler is a Real Estate Professional in Carson, Ca, specializing in First Time Home Buyer Programs, Distressed Sales, REO Residential and Commercial properties. Charles helps homeowners develop a second income stream so they can save their homes from foreclosure.
Charles Fitzgerald Butler can be reached at 310-684-2505 or www.CFButler.com. Prudential California Realty – The Mulhearn Group is an independently owned and operated broker member of BRER Affiliates Inc. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential. Equal Housing Opportunity.
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