Danielle Park notes that real estate has seen quite a rise during the current cycle. However, our economic world is complicated; everything is connected. While the stock market has been taking its lumps, what will be the effect on real estate? Danielle believes that it’s going to come down as well, for a number of reasons. Obviously the wealth effect brought on by rising stock prices can act in reverse. There’s also the necessity of many investors to liquidate their holdings, both due to demographic reasons and the need to pay debts and cover losses. Any way you slice it, real estate is probably going down.