So Why Isn’t Everything Great?
The stock market is on the rise. The stock market is setting new records constantly. The stock market is very healthy. “Your 401k’s are better than ever”. So why is the Real Estate market stagnating or worse throughout most of the country? (It’s still good in the Midwest because of low supply.)
Our Residential Real Estate market is always affected by consumer confidence, inflation and interest rates. Consumer confidence is driven by news and everyday living. It has been low for months because of negative news, nationally and internationally; a higher cost of living and a helter skelter job market. Inflation has been on the rise because of tariff costs finally reaching the consumer and because of a sharp rise in energy costs. And finally interest rates did not go the way we predicted at the beginning of the year. Interest rates are in direct correlation to the Bonds/Bills rates. Those have been higher than at the start of 2026 and there is only a slight hope for a drop by the end of the year.
That’s why everything isn’t great…yet?
