As Chris wrote to many of our clients, the answer sounds a lot like a contradiction.....With foreclosure rates falling in Kansas City, interest rates also falling, prices still falling....a little....
Sounds like "blue sky" to me....The truth is...Messy, complicated....Our market is still strong for sales as well as purchases, and for those sellers who are willing to ask fair prices for above-average condition, sales will keep chugging along. For those sellers who are in "la-la" land about the value of their "baby", 2009 will be as miserable as 2008.
Our clients expect straight talk, and that exactly what they get. Sometimes that means, "I don't know, but this is what my intuition and the data are moving me towards....".
A client sent me a great article regarding 2009, our economy, real estate, the whole shebang....Check it out....
http://online.wsj.com/article/SB123103188733751647.html?mod=yahoo_free
Then give us a call for the straight talk you need to get to where you're going. And if you are trying For Sale By Owner, or FSBO, well, welcome to your fantasy. Call us and we'll tell you in 3 minutes or less why that strategy doesn't work, cannot work in a strong Buyer's market.