Will the recent plunge in the stock market affect SWFL real estate, and if so will it be positively or negatively? The answer is it is too early to tell. Some buyers may reconsider buying a primary or vacation home in SWFL, while other buyers ponder investing some of their money into real estate, which is clearly on an upward path.
We have had only one client express concern about buying a second home due to the stock market drop-off, but several clients have inquired about investing some of their retirement funds in SWFL real estate via a self-directed retirement account (see August's Real Estate Report).
Our opinion is that as long as folks up north can sell their homes they will continue to want to retire or at least spend several months a year in the Sunshine State.