I'm to the point where I refuse to watch the news! Every story is about another business closing, more people without work and more money needed to bailout businesses who've made poor choices. I CAN'T TAKE IT!
I think we all realize that today's economy is not the economy of 2003 or 2004 or any other year. The economy is ever-changing and the only constant is the fact it does change.
The local market of Wayne County and Holmes County Ohio posted 649 residential sales in 2008. That number is within 10% of the average number of sales of the past 5 years! That tells me that the market may be different today than it was yesterday, but WE STILL HAVE A MARKET. It's still a great time to buy with interest rates amazingly low and a large inventory to choose from. On the selling side, properties are still moving and with the right preparation, you're house will sell!!!
Long story short...don't listen to the national media. You wouldn't use national weather stats to predict the weather in Wooster, Ohio and the same applies to real estate statistics. Real estate is local and our local market is stable!
For more information about Real Estate Showcase and for tips on buying and selling, visit our web site...
~Tom Davis, Broker
Real Estate Showcase
(real estate stats were taken from the Paragon MLS system. 1/1/08 - 12/31/08, residential sales, wayne & holmes county)