How Did the Stock Shakeup Affect You?
(Respondents were split right down the middle lastweek--50/50--on whether the stock market… uhhh… correction was goodor bad for real estate. The specific question really was ifstock-market woes push more investor eyes toward the industry or ifit just reflects badly on capital markets altogether. CommentatorCostello says it really might be just too early to tell.-Ed.)
The jury's still out, because real estate is a reactive industryin many respects and because we don't know if the stock-market dipis going to be a sustained correction or just a blip. If it's ablip, in short order we'll return to the levels we enjoyed before.We can't know if it will create a ripple effect in capital marketsand real estate until we understand the nature of what we'recurrently experiencing.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
