A local news broadcast in Washington, DC, recently included a segment about real estate investors finding great deals in the market.

And apparently local investors are not alone: according to Hitwise Intelligence, the frequency of Internet searches with the term “houses for sale” just hit a two-year high.

(Via Inman)

Sure, it’s a little dated, but this post on Barry Ritholtz’s The Big Picture has a chart of the rocky week on Wall Street earlier this month that shows why I’m glad real estate indexes typically are measured by the month and not the day (or minute):

The Big Picture: What did you miss if you took this week off? 

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)