Lakes Region Real Estate Correlation to Stock Market

secondcurve · 10-06-2008, 08:49 PM

How badly do folks feel the diving stock market will hurt the Lakes Region real estate market? I've heard many times that the area would be protected from a steep price decline due to the vast number of retirees that fancy the area for second homes. Clearly this trend has been strong. However, many likely buyers in the 50, 60 and 70 age groups are also the biggest holders of equities. Further, second homes have historically been one of the first things to go when times get tough.

My impression of the local real estate market is that it has been resilient this year, albeit very slow. It seems highly likely that the downward bias will accelerate in the coming months. I'd be curious to hear from any realtors on the board or folks who are actively in the market to buy or sell.

10-06-2008, 08:49 PM	#1
secondcurve Senior Member Join Date: Jan 2005 Posts: 2,128 Thanks: 1,348 Thanked 564 Times in 291 Posts	Lakes Region Real Estate Correlation to Stock Market How badly do folks feel the diving stock market will hurt the Lakes Region real estate market? I've heard many times that the area would be protected from a steep price decline due to the vast number of retirees that fancy the area for second homes. Clearly this trend has been strong. However, many likely buyers in the 50, 60 and 70 age groups are also the biggest holders of equities. Further, second homes have historically been one of the first things to go when times get tough. My impression of the local real estate market is that it has been resilient this year, albeit very slow. It seems highly likely that the downward bias will accelerate in the coming months. I'd be curious to hear from any realtors on the board or folks who are actively in the market to buy or sell.