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Housing likely unaffected by stock correction

for sale sign outside houseThe recent Wall Street volatility has triggered many into proclaiming that the sky is falling. Even some experts have speculated how the recent stock market activity would spill over to consumer spending, including the housing market. Reporting such as Jacob Passy’s recent article titled “Could Stock Market Volatility Cause House Prices to Fall?” (Marketwatch.com; February 8, 2018) makes for good clickbait. However, the details of the article would suggest otherwise. The consensus is that the recent Wall Street activity is not likely to impact the housing market.

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