I expect the 2008 market will be short, if there is “a market” at all.
When a year passes through with people buying and selling, but no real change in value up or down, it was just another year.
If the months from March through August create an upswing and the months from September through February provide an equal downswing, you end up where you started off. Much of that is because investors and bargain hunters tend to buy in the off months and better homes tend to sell in Spring and Summer.
It’s like the ebb and flow of the tide, like the yin and yang of the valuation process.
I think 2008 will come and go in that manner. 2007 had more pull back and forth during these times, a bit more dramatic than 2008 in terms of numbers of property sold, if not value and pricing.
