I was watching one of the news programs last night and they were talking about how the stock market had a bad day.  Someone said, “When there is uncertainty in the market, markets do not respond well”.  That also pertains to the Real Estate market.  Normally, the best time to buy would be when other people are not buying – which is now.  The amount of confusion we have in our market is having a negative effect on Real Estate values. 

The last three weeks have been the worst weeks I have experienced concerning the stock market and confusion of the financial markets.

We track the number of showings as well as the number of internet hits we receive each day.  We have seen a drastic drop during the last three weeks in both internet search hits and also showings.  I think people are waiting to see what is going to happen to the economy and what comes from the election.

What does this mean? 

Obviously, if you are a seller, it is not a good time to sell.  If you are a buyer, if there are less people looking that means you can probably get a better buy.

If you have any questions concerning the Real Estate market, please feel free to give us a call.  I can be reached locally at 843-785-4460 or toll-free at 800-831-0359.

Sincerely yours,

James Wedgeworth