So, at this point in the election cycle, we've all realized that the Economy is a top issue to most voters. Certainly economical concerns have been a top issue for home owners for some time now, as the housing market has plummeted. The question we at Ace Office want to ask is, what does do for furniture sales? Furniture Today provides some possible answers:
As far as home office furniture goes, it seems that furniture sales rise and fall with the rest of the housing sector. So, when the housing market has hit its lows (as many believe it already has), houses (and furniture) are set up for a come back!Tuesday started with a 465-point drop in the Dow Jones Industrials Average — severe by any measure — by midday the vast majority of furniture stocks were up and some gained as much as 10%. Does that make sense to you?
In the complex and sometimes befuddled mind of Wall Street, it does. The Federal Reserve hammering down interest rates should begin to ease the current housing distress by lowering mortgage rates and saving homeowners money, reducing the step-up rates on adjustable mortgages, and hopefully making home purchases more affordable so that the glut of homes for sale will be reduced. That, in turn, will stop the decline in home values and everyone should sleep better (helping the mattress industry).
