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A look back to January 2008, A look forward to January 2009
December 6, 2008 ·  

Just a thought to ponder, and maybe a subject everyone could comment on. In January 2008 Real Estate was the blame for our poor economy, flash forward to January 2009, might stable real estate values  be the key to a recovering economy? It seems the Goverment is thinking that way. How about you?

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Comments

5 Responses to “A look back to January 2008, A look forward to January 2009”

  1. Kathy Wall on December 7th, 2008 5:21 pm

    I believe you are correct, Michael. Once people start buying houses again, it will be a sure sign of confidence in our economy and our world. And, I think it is already starting to happen. I’m seeing people who have been sitting on the fence, start to make decisions. I believe that 2009 is going to be a much, much better year for everyone…buyers, sellers and we real estate agents.

  2. Adam Chinn on December 7th, 2008 5:59 pm

    Great question. It seems that the Government is thinking that way. From what i can see more people are buying and it seems like the market is coming back stronger. I am finding that people in general are more optimistic now than earlier in the year when it comes to the economy and the housing market. I’m interested in what others have to say.

  3. Jean Joh on December 7th, 2008 7:53 pm

    It certainly seems that way to me. Despite all the uncertainty, many people recognize that right now is a great time to buy – affordable home prices and historically low interest rates. I for one am looking forward to the new year and hoping that this activity we’re seeing in the housing market will translate into improvement of the economy as a whole.

  4. lee ginsburg on December 8th, 2008 1:07 am

    I think the housing decline and the job loss are the two major issues haunting everyone. On Friday I spoke to 2 clients with one saying he is getting so much overtime, and the other a owns his own auto repair and he also sees no declines. Another client worked for Longs and got laid off after the merger but quickly found a better job. In the North Peninsula we certainly are seeing prices stablelize. If we have one up month of prices I think we could pull out of it. Looking forward to a great 2009. Not Equal to 2005 but that is a good thing.

  5. Jonathan Shaw on December 8th, 2008 2:36 pm

    Michael,
    A provocative question, and one that I absolutely agree with. The market has been slumping for a couple of years now and all signs point towards a stronger 2009!

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