Stock Market Impact on Real Estate

[ClintClint]

I'd be interested to hear from the Real Estate Brokers/Agents based on anecdotal evdence or just their gut feeling, has the stock market crash brought the activity (contracts pending and showings) to a virtual halt or just the same slow downward spiral. Also, what behavioral changes have you seen in the Sellers---not the buyers. Particularly, are they withdrawing listings, lowering asking prices, accepting lower than expected offers? Do you see corollary behavior patterns for buyers and sellers for ultra high-end (homes) expenditures as with retailers of general merchadise? Has the risk aversion mentality of the stock market increased in the real estate market?

 

[AAbsolute]

I'd be interested to hear from the Real Estate Brokers/Agents based on anecdotal evdence or just their gut feeling, has the stock market crash brought the activity (contracts pending and showings) to a virtual halt or just the same slow downward spiral. Also, what behavioral changes have you seen in the Sellers---not the buyers. Particularly, are they withdrawing listings, lowering asking prices, accepting lower than expected offers? Do you see corollary behavior patterns for buyers and sellers for ultra high-end (homes) expenditures as with retailers of general merchadise? Has the risk aversion mentality of the stock market increased in the real estate market?

Won't any of the Realtors please oblige the Dr? I wish I had the relevant data as well.