Volitile Stock Market

The recent volitility in the stock market has caused uncertainty in the real estate market. The dow and s&p 500 have hit ten year lows which had an influence on the local stock market. Many investors sold while the market was at its lowest in fear that they would lose everything. This decreases people's overall net worth and their purchasing power. When such a large sector of the economy takes a significant downturn, it affects all other aspects of the economy.