Just finished writing my Market Update for the whole of '07. Looking forward, the big questions remain:
Will our local economy trump all the bad news from everywhere else?
Will the loss of loan programs (the good ones!) significantly reduce the number of buyers?
As the time-to-sell stretches out, will sellers start reducing their prices?
I've been selling housing for more than 18 years now and I have never seen a market that is so contrary to local conditions.
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