Real estate dominated business and economic headlines in 2007. The stories were good, bad and ugly. Sometimes frightening and sometimes exciting, but always intriguing. For buyers, it was hopeful; for sellers, grim. For a while it looked like decent investment opportunities might sprout up in front yards and on wall street.
January – Homeowners Cut Prices, Drawing Some Buyers Back
February – Rising Foreclosures Rip Families
March – Scary Math: More Homes, Fewer Buyers
April – Subprime Worries Shake Up Housing Market
May – The Follies of Measuring Home Prices
June – Foreclosure Crisis Forecast Worsening
July – Post Boom Hangover Lingers
August – No Money Down Disappearing as Mortgage Option
September – How Housing Ills Infected the Economy
October – House Flippers Get Burned Chasing Dream
November – Housing Inventory Climbs to Record Level
December – Pain Street USA: ’08 Housing Outlook
As the year comes to a close, the stock market appears to be the caboose on the real estate train. Buyers, sellers, watchers, analysts and brokers alike hope for blue horizons in 2008, albeit with a healthy dose of skepticism. Will a phoenix rise in the new year or are we doomed to another nasty cycle of fiscal uncertainty? Whatever comes, we wish you satisfaction, prosperity and great rewards in all your endeavors.
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