Volatile Dow unlikely to hurt housing

The shakiness of the Dow Jones Industrial Average is not likely to have a significant impact on the housing market nationwide or in New York, according to some real estate experts. The Dow dropped 416 points on Tuesday and recovered slightly yesterday. Most experts agree that the downturn could actually help the housing market by decreasing interest rates on mortgages. In addition, they said, investors might see real estate as a safe investment during a time of increased Dow instability. more By John Celock