effect of economy on prices of Residential RE. - Posted by vladimir_Chicago

Posted by Tony-Fl on September 19, 2000 at 17:38:14:

JOBS = Strong Economy!

Jobs control everything. If the price of gas goes through the roof, but the good jobs are prevailent…then real estate prices will be stable or go up. When the local economy fails (Army forts close, Texas Oil,Plants close, etc) the housing market drops like a rock, along with housing prices.

This is the golden rule of Real Estate Values…

effect of economy on prices of Residential RE. - Posted by vladimir_Chicago

Posted by vladimir_Chicago on September 19, 2000 at 13:23:32:

Question for experienced investors…

Market analysts predict higher heating gas prices, higher oil prices etc…, meaning a slowing economy in the future. What do you think of the effect of the slow economy on Residential Real Estate.

Thanks in advance for all answers.
Vladimir