WILMINGTON -- The Dow dropped more than 200 points Tuesday and experts say the housing market is partly to blame. Nation-wide, housing sales are the worst they've been in four and a half years. But the real estate market isn't suffering as much here in the southeast as it is in other parts of the country. That's according to Karen Davis, a mortgage loan officer at Sun Trust mortgage. Davis says people are still concerned about how many houses are on the market around here and how long it's taking them to sell. If you're selling your house, Davis says be patient -- it's just a matter of time. Davis said, "There are a lot of lookers, people from the northeast coming down here to look for homes. I think they just have to be patient and it's going to take a little longer than normal to sell their homes." Davis says they're not seeing much of a change in appraise values in surrounding counties. Generally, the stock market has recovered quickly but Tuesday's Dow drop shows just how much of an effect the housing market has.
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