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 in St. Louis and probably 60 degrees in Arizona! So, what is happening in Phoenix in real estate is not the same as what is happening here! So, what does this mean to you? I think now is a great time to buy! Most sellers have come down to earth on what their property is actually worth, and I have seen quite a few deals out there! If I had enough money, I would buy them all! If you are thinking about selling, it might not be a bad time to get your home on the market. You can beat out the people who will wait until spring to do so, less competition! So, whether you are thinking about buying or selling, if I can help you in any way, just give me a call. If you see a home you want to go look at, or you are curious what you might sell yours for, give me a call or shoot me an e-mail. I hope you and your families are well and I wish us all a very prosperous 2008! And remember, 2008 will be Great!
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