Equity Markets:
Equity markets and bond markets directly affect the real estate industry. When equities fall some people reconsider a home purchase because their overall assets are declining. However, often investors will redirect investment dollars into commercial real estate as a hedge against the falling equity markets.
Bond markets also affect real estate because treasury notes are direct drivers of mortgage interest rates. It prudent to keep an eye on both markets to anticipate future activity in the real estate industry.
source: tradingeconomics.com