Do Not Let Brexit Stop You
The British exit European Union â€”Brexitâ€”came as a great surprise.
Most economists lowered U.S. growth forecasts after the Brexit vote, but job growth has been good. After last monthâ€™s disappointing jobs report, corporations might be even more cautious with hiring and investment than they have been.
If you were planning to cash out stock holdings or borrow from your retirement fund to do an addition or renovation project, think twice. Financial markets tumbled last week and you might have less wealth than you thought.
However, in the past year, stocks have been gaining value slower than homes. If you have the money and desire to do an addition or renovation project, or even build a new home, do not let Brexit stop you!