Well we are closing this year out and so much has happened in the Real Estate World in 2007.

Just about the beginning of the year the lending started to get a little shaky or I should say starting to correct itself back to normal. The first quarter lenders started closing their doors, by mid year the results of the loan practices of the last few years were showing itself in full bloom.

Some parts of the nation went in to a total backward slide in home prices. States like Michigan, Florida were hit pretty bad. Michigan's woes can be tied to jobs, while Florida is home of the speculators. We had agents in our office here peddling Florida stuff. I have a hard time believing there are agents in Florida offices peddling Utah products.

We had the media all over the board. Reports of the sky is falling, in some parts of the country and in some parts of Salt Lake County that is true. But to give a report on national TV that is not a good time to buy Real Estate because... Is like saying that the weather forecast for the United States is going to be sunny and 77 degrees tomorrow. Continued