This week’s (weak) stock market

This week our listings saw an average of 2.7 showings each and  2 out of  our 13 went under contract.   There isn’t much news to report on the real estate market this week.   It was certainly an ugly weak for the stock market with the Dow slipping under 12,000 on Friday.   Many expect the Fed to cut interest rates again, but not until their next scheduled meeting on March 18th.   That should continue to help the real estate by getting ‘on the fence’ buyers to jump off.   The National Association  of Realtors Chief Economist, Dr. Lawrence Yun, published an article this week with his thoughts on things.   Basically, he (like me) expects things to remain slow, but steady for the next few months with a stronger recovery toward the end of the year.   Of course, that’s the national market.   Charlotte seems to be keeping a bit ahead.

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