We live in interesting times. Last year at this time we were looking at the Sub-Prime Mortgage Meltdown. This year we are looking at a full blown credit crisis. Comparisons to last year deserve a giant asterisk. Of course, that is going forward. But at the same time, last year is what the market will be judged against.
There is a good bit of pent-up demand, now we'll see if that can be unleashed by the "Rescue Package" or if it will remain pent-up. At some point there will be a rush back into the market. Right now I am seeing increases in inventory again and a slowing (seasonal) of sales.
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I'd love to hear from you...
Lane - I love the slide presentation. With the existing meltdown in the stock market I think real estate should be looking rather attractive especially land.
Jennifer - Thank you.