Economic Volatility

A word of caution… Can the war in Israel impact our Real Estate market? Historically, wars are not a good time for Real Estate.Typically as oil and gas prices tend to rise, and as consumption increases and often supply chains are disrupted, oil production can drop. As we need to spend more money to support both Israel and Ukraine, we also increase our national debt, and inflation becomes more of a threat to our own economy. If the war were to continue over a prolonged period, we could very well see home prices start to drop. Fear and uncertainty are never good factors in any market. Let us collectively hope that a peaceful and short time solution can bring this war to an end quickly.