Olga Simoncelli, CONSULTANT, Real Estate Services & Risk Management (Veritas Prime, LLC dba Veritas Prime Real Estate)

Spam prevention
Rainmaker
520,981
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

The stock market has been long overdue for an adjustment.

What about a real estate adjustment? Is that coming next?

Feb 05, 2018 01:56 PM
Rainmaker
3,692,406
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Olga,

Yes, I saw that, and what a great opp to buy.  A

Feb 05, 2018 01:38 PM
Rainmaker
2,356,651
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't think so. A needed adjustment after the last year.

Feb 05, 2018 03:38 PM
Rainer
43,069
Steve Penner
Royal LePage / Moneyledgers Software - Winnipeg, MB
REALTOR / Owner of Moneyledgers

I see this as great news.... way overdue for a correction... creates buying opportunities for "smart" money... and the dumb money gets flushed out

Feb 05, 2018 02:13 PM
Rainmaker
922,796
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

All those Patriots fans selling off to cover their Super Bowl bets?

Feb 05, 2018 03:22 PM
Rainmaker
1,155,808
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Hang on & enjoy the roller coaster!!!

Feb 05, 2018 02:48 PM
Ambassador
1,344,090
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Looks like a combo of a normal correction, wage inflation, and the general chaos of a pending government shutdown. 

Feb 05, 2018 02:38 PM
Ambassador
2,023,268
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   Buy low.  Now is the time.

Feb 05, 2018 02:09 PM
Rainmaker
1,194,946
Bob "RealMan" Timm
Alliance Real Estate - Minot - Minot, ND
Bob Timm, Broker Associate, Alliance Real Estate

I agree with Ron and Alexandra Seigel , this is a time to buy and make some money.

Feb 05, 2018 02:05 PM
Rainmaker
661,207
Pete Xavier with AffordablePlan.org
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Took a bit of a hit today, but last month was a really good month in the equity markets. Not concerned one bit, one bad day does not break me.

Feb 05, 2018 03:45 PM
Rainmaker
4,561,947
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

There will always be market adjustments.

Feb 05, 2018 03:37 PM
Rainer
263,995
Kenneth J. "Ken" Jones, Associate Broker
VRI Realty, Inc. - Metuchen, NJ
Premium Plus Real Estate Service

Olga Simoncelli I wouldn't worry about this. It was a loss of less than 5%. That's like losing a nickle from a dollar.

If you think today's 4.6% loss is something to be concerned about, you would have really had a problem on Monday, October 19, 1987 when the Dow-Jones Industrials lost 22.6% of its value. That would be equal to a loss of about $5,800 in today's market.

This is nothing more than a much overdue correction in a market that's been heading straight up since the November 2016 presidential election.

Relax. Have a glass of wine, and buy more Apple stock. 

Feb 05, 2018 03:10 PM
Rainmaker
528,974
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

LOVED Bette Davis!  and yes, I think seat belts should have been fastend a litle over a year ago.... because it has been "a bumpy ride."

Feb 05, 2018 01:51 PM
Rainmaker
648,401
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

A whole year of unprecedented and historic gains.

The self correction should not be over yet.

I SUSTPECT A 6 THOUSAND POINT ADJUSTMENT IS NEEDED.

Hmm, how do those bitcoins look now?

Feb 05, 2018 01:43 PM
Rainmaker
311,601
Jay McHugh
SendOutCards-Appreciation Marketing Expert - Boston, MA
YOUR SendOutCard Mentor

love it.....great buying time...where is our Bitcoin friend......

 

Knowledge is Power when executed ...... 

Feb 05, 2018 03:50 PM
Rainmaker
2,577,109
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I am not concerned ... corrections - adjustments are to be expected. 

Feb 05, 2018 03:45 PM
Rainmaker
594,962
Richard Bazinet /MBA, CRS, ABR
AZuRE Team - Realty ONE Group - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

I was hoping this would happen. I wanted to put more money in the stock market but the darn thing kept going up... I was on the sidelines. Now, is the time.

 

Feb 05, 2018 03:41 PM
Rainmaker
4,223,754
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

put a muzzle on a certain person in the white house.....

Feb 05, 2018 02:52 PM
Rainmaker
351,860
Diana Dahlberg
1 MONTH REALTY - Kenosha, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I don't have a crystal ball in real estate, but I believe it will continue to be a bumpy ride for now.  I'm not worried.  Just going to keep on keeping on!

Feb 05, 2018 08:49 PM
Rainmaker
1,162,027
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

I think this was overdue; I'm not worried.

Feb 05, 2018 04:58 PM
Rainmaker
336,781
PropertyMinder (AccelerAgent)
PropertyMinder, Inc. - San Jose, CA
Modern Tools for the Modern Agent

To finish your (fitting) Bette Davis quote (with a small revision): "...it's going to be a bumpy road on Wall Street."  - Tim

Feb 05, 2018 04:51 PM
Ambassador
3,357,533
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Last week everyone was giving trump credit, today lets blame obama.

Feb 05, 2018 03:36 PM
Rainmaker
2,428,612
Richard Weeks
Dallas, TX
REALTOR®, Broker

I have not watched the news.  Has anyone jumped from a ledge?

Feb 05, 2018 02:01 PM
Rainer
80,999
Anthony Kirlew
Fiscally Sound - Gilbert, AZ
Helping You Make Fiscally Sound Choices

In the world of cryptocurrency, we say HODL (Hold On For Dear Life!)

I am not big on investing in the markets. I have only invested what I can afford to lose... not that yoy can ever afford to lose, but I think you know what I mean (it's not my last retirement dollar or my mortgage payment)

Feb 06, 2018 08:20 PM
Rainmaker
1,058,650
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Nah, everything rises and falls from time to time.

Feb 06, 2018 09:07 AM
Rainmaker
1,323,492
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Olga Simoncelli The DOW dropped 4.6% which isn't a lot in the overall picture. Just a minor adjustment or correction in the market.

Feb 06, 2018 07:00 AM
Rainmaker
4,208,547
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It might be.

Feb 06, 2018 06:02 AM
Rainmaker
2,608,686
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

It is an adjustment without the need to panic and cause real problems!

Feb 06, 2018 05:58 AM
Rainmaker
2,618,460
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

This could be profit taking. Time will tell. I care mor eabout the inerest rates and saying they will raise them 3 times this year, scares me more. 

Feb 06, 2018 05:47 AM
Rainmaker
554,427
Carla Freund
Keller Williams Preferred Realty - Apex, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

Not a surprise. It has always been a roller coaster just like Real Estate. 

Feb 06, 2018 04:20 AM
Rainmaker
828,171
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Maybe yes and you would know!

Feb 06, 2018 03:18 AM
Ambassador
3,937,121
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Olga Simoncelli - maybe, beginning of the end?

Feb 05, 2018 09:42 PM
Ambassador
3,635,891
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

My broker has been telling me there would be a correction coming. Always has been and always will be.

Feb 05, 2018 09:29 PM
Rainmaker
1,702,468
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Wall Street is a lot like Bitcoin - Greatly inflated

Feb 05, 2018 07:53 PM
Ambassador
2,183,036
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I'm not too worried yet. 

Feb 05, 2018 07:30 PM
Rainmaker
2,260,543
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Real Estate cycles do the same thing only over time

Feb 05, 2018 06:42 PM
Rainmaker
187,343
Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

In my humble opinion, we were overdue for a drop, as we havent been fluctuating much lately...
But I think our wild ride is coming sooner than we expect!

Feb 05, 2018 05:47 PM
Rainmaker
3,556,386
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Profit takers getting a bit jittery

Feb 05, 2018 03:58 PM
Rainmaker
3,490,601
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Seat belts were definitely required for a couple of days.

Feb 08, 2018 12:09 PM
Rainmaker
3,962,716
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea

Feb 06, 2018 06:39 AM
Rainmaker
2,892,219
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Depends on the source...

Feb 06, 2018 05:12 AM