Phoenix Business Journal
Brexit could boost real estate market, says Scottsdale broker
Britain’s vote to exit the European Union could boost the U.S. housing and real estate markets via low interest rates and money taken out of stocks and put into mortgage lending and REITs.
The Dow Jones Industrial Average ended Monday down 260.51 point closing at 17,140.24, according to Google Finance. That is a 1.5 percent drop.
Nobody has a clue about the Brexit impact on Arizona
Pundits around the world agree on one thing about the British vote to pull out of the European Union: it’s all speculation on what it means.
Since no country has ever left the EU, even the process is up in the air, but it’s the whole up in the air situation that can impact Arizona, said Dr. Allen Morrison, CEO and director general of Arizona State University Thunderbird School of Global Management.
