Recent Stock Market Volatility Dangerous for Real Estate? Experts Unconvinced
David Deem 714-997-3486 Dave@DeemTeam.com By Jordan Grice Real estate experts believe recent stock market volatility isn't concerning as long as it's temporary, despite a rocky start to the week for trading, as well as global events worrying investors. According to Ruben Gonzalez, a chief economist, recent declines in the market are mainly due to fears on Wall Street that the Chinese property market could disrupt global financial markets. Those concerns prompted a stock market selloff that dealt a sizable blow to major U.S. stock indexes. The effects have proven to be short-lived as indexes rebounded days later with ongoing signs of recovery, despite overseas issues. As of Sept. 23, The Dow Jones Industrial Average rose 2.6%, while the S&P 500 saw a 2.4% gain. "We don't view short-term stock market volatility as a huge factor impacting real estate markets," says Gonzalez . "However, as smaller investors look to park capital gains in a mor...