The Ripple Effect of Housing on Our Economy
As states begin to ease stay-at-home orders, communities across the county are starting to see “For Sale” signs planted in neighbors’ lawns again, after a dearth of signs since late February. And as we head into Memorial Day and fire up our barbecues, the conversations will inevitably turn towards the local real estate market.
We love to discuss the local real estate market and everyone has an opinion and a prediction as to where the local market might be headed. But investors would be wise to understand the effect that nationwide housing data has on our economy, the markets and by extension, our investments. Let’s explore the latest housing data.