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I wonder how many people that were fully invested and saving to buy a house, lost a lot of their wealth (their downpayment)today with the tanking stock market?
I watched it on my computer and luckily was not fully invested. I wonder about those who were though -- especially if they quickly tried to close out of their positions.
Will the real estate market will take a hit as a result of today...especially because it was announced that the debt crisis in Greece will spread here soon?
I wonder how many people that were fully invested and saving to buy a house, lost a lot of their wealth (their downpayment)today with the tanking stock market?
I watched it on my computer and luckily was not fully invested. I wonder about those who were though -- especially if they quickly tried to close out of their positions.
Will the real estate market will take a hit as a result of today...especially because it was announced that the debt crisis in Greece will spread here soon?
What do you all think?
I think your sources stink and your post was premature.
Not that this post had a lot of merit to it, but it has even less if you actually look at a chart of the dow.
We closed today at pretty much the same level as we did on April 7th. And from before April 7th we are higher today than we have been at any point since about October 6th, 2008.
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
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While the equity market may have glitched, the 10 year treasury, which is a key rate in mortgage pricing, dropped to 3.4% which is good news for homebuyers.
Apparently a misreported price for Proctor and Gamble was able to drop the dow 172 points all by itself, which triggered all sorts of computer model trading programs. Once the error was reported, the dow magically regained 600 points.
I think anyone who is considering buying a house in the near term and has that money wrapped up in the stock market deserves what they get.
^ This.
emilybh is obviously a glass half empty type of gal if this is considered the stock market 'tanking'. Good heavens....how did you make it through 2008?
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