Quote:
Originally Posted by Biggd
So are all the retired posters on here freaking out over the stock market volatility? I'm wondering if it will affect the lakes region spring housing market along with the higher mortgage rates?
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Predictions are difficult, especially about the future. But there's almost no question that a high stock market will increase the value of second homes, and that volatility and high interest rates will reduce those values.
So in general, waterfront property is less valuable than it was a couple of weeks ago, but still probably more valuable than a year or two ago. Of course, the market on Winni doesn't really start for a couple more months. This is plenty of time for interest rates and volatility to take us to prices that would be below 2015-16 levels.