The Dow Jones industrial Average experienced drastic swings last week. Because of that, California homebuyers and sellers are now a bit on edge, according to the L.A. Times.
The advice right now is to continue buying and selling as planned, because fluctuations in the stock market shouldn't impact long term investing too greatly. But, if the uncertainty lingers for a few weeks, the state's housing market could see a shift.
"One or two days makes people nervous and glued to the TV, but it doesn't necessarily change a life-altering purchase such as a home," Lindsey Piegza, chief economist at Stifel Fixed Income, said in the piece. "If there's ongoing uncertainty, consumers will pull back."
