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Pete's State of the Market Address
Happy New Year!  It is going to be a GREAT 2008!  My Dad(53 years in R.E.)always said, "Jan. 1st is the first day of Spring in the real estate market!" I don't know about you, but I am glad to say goodbye to 2007! 
  The real estate market was pretty rough last year. Although, not to toot my own horn, I still sold over 25 homes! (toot-toot!)  Last year the home sellers still wanted top dollar for their homes, oblivious to what was going on around them.  Most home sellers owed more on their homes than they were worth.  The buyers were far and few in between.  I think they hibernated all year!  Now the Good News!  The buyer calls are way up in the last Two weeks, with people wanting to go look at homes.  Interest rates are still really good.  I think the bad is behind us and home sales and values are going to start rising again.  When you listen to the national news, realize the St. Louis market does not follow what is happening all across the country.  For example, think of it like the weather, the temperature is not the same all across the country.  It is 30 degrees ... more

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