September Real Estate Market Update

August was a crazy month.  As unemployment stayed stubbornly high, the congress took it upon itself to create the federal debt-default crisis.  As that crisis passed by, a credit downgrade from S&P was simply too much sending the stock market down over 10%.  Only to come back up.  Only later to be greeted with an earth quake and hurricane Irene.  Ugh – my head’s still spinning.

I suppose we should be grateful that any homes sold in August as a result.  Homes sold, but the stats tell me that the market took a step back in August.  This video update goes through the numbers.

 

Posted by Bruce Lemieux

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