Just a note to say that already we have seen Culver City and other buyers backing out of sales because their down payments, held in the form of stock or IRA stock deposits, have been spoiled by the horrendous market downturn. When sales fall out of escrow, they usually come back on market ready to accept another, lower price. So the stock market downturn is in reality a good sign for buyers, but only if they still have their down payments.
Mark Salkins Real Estate Blog
Stock Market Effect on Real Estate Pricing
August 10th, 2011


