Here’s a round-up of what real estate bloggers have to say about the House of Representatives rejecting the $700 billion bailout and the subsequent stock market plunge:

• “The Bailout plan has been rejected and it’s no surprise that the stock market has plummeted on the news. So why am I still so busy? I can’t answer that except by updating my current transaction activity.” (True Gotham: Making Sense  of Manhattan Real Estate)
• “Confidence among homebuilders has been a remarkably accurate guide to stock market movements one year later. So how are builders feeling today? According to a report from the AP last week, not well at all.”(DC Home and Condo Prices)
• “So what happens if there is no consensus on a plan to unfreeze the credit markets? For starters, a frozen real estate market.” (The Housing Chronicles Blog)

Tags: Bailout, DC Home and Condo Prices, Housing Chronicles Blog, Investing, Stock market, True Gotham
Posted on Monday, September 29th, 2008 at 8:21 pm. Follow responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.