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Inman Connect San Francisco, Jul 16-20, 2018
The stock market has been on a roller-coaster ride since late last week, with a historic one-day plunge in trading, and a ripple effect that struck the rest of the globe Tuesday. But most economists will tell you the historic highs over the past two years were bound to result in a correction of sorts as investors reckon with the possibility of inflation and rising interest rates.
Real estate professionals, and potential homebuyers and sellers, aren’t immune to the fears that reverberated across trading floors on Friday and again on Monday, but analysts say the effect on home prices, sales volume and lending activity will be minimal and temporary. Inman spoke to economists on Tuesday to sort out the facts from the falsehoods and what real estate professionals and homebuyers can expect from the housing market leading into what most believe will remain a choppy few days ahead.
Whoa! What just happened?
Since Friday, the Dow Jones Industrial Average — the price-weighted index of 3…
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