Monday, January 25, 2016
Chinese stock market woes impacting Bay Area real estate market
It would not be exaggerating to say that a large percentage of buyers here in the bay area, the silicon valley in particular, are from China. Anyone who has been in real estate more than 10 min knows this to be true. So then to learn that because of the turmoil in Chinese stock market last week could have a negative impact on the real estate market here is more than a little worrisome. Of course one of the Realtors they interview for this ABC 7 news segment seems to think everything is alright, and for the most part it is. There are still many homes selling over asking with multiple offers. Property values are still going up, but I am thinking long term. If the Chinese stock market widen into an overall depression in that country, what impact will that have on the real estate market over hear long term?
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