The above was a popular country music song that sums up how I feel about 2008.  I am writing this on December 30th because I am ready for it to be over today – I do not want another day of 2008.

From someone who has been in the Real Estate business on Hilton Head for 27 years, everything that could possibly go wrong in 2008 did – we had bank foreclosures, credit problems and on October 1st everything went haywire when we had the “financial meltdown”. 

Pent up Demand

It seems to me that so many people have the attitude that they are going to wait until the real estate market bottoms out.  With not many people buying property, anxious sellers are reducing their prices to the point that they feel is necessary to get the property sold.

Looking to the future of Real Estate

In the future I think we will look back and all say that we should have bought in December of 2008. 

All my clients who bought after September 11th in December and January of 2001 and 2002 are very happy because values went up afterwards.  This is the last time we were in a similar market where nothing seems to be moving.  This is why smart money is buying now!