Does Logic say this?
The economy now has less money due to the sell off of stocks. People would have lost money. Hopefully this effects how much they have to pay for housing, and investors are forced to sell houses.
SO although I may have lost 10k on the stocks if property falls by 2-3% in effect it could be a good thing.
Although the majority of housing is for owner occupier obviously.
Combined with interest rate rises. surely! this would slow, or drop the level of houses to some extent.
Am I clutching at straws here?
Does the market have an effect on property? Or is just a supply and demand thing solely.