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.
Tags: Bellevue and Redmond, Kirkland
February 2, 2008 at 8:07 pm
I think that 2008 will be much ado about nothing. 2009, on the other, “ain’t lookin pretty.”
February 3, 2008 at 1:04 am
Why does Kevin Tomlinson have a Dakno email address? Enquiring minds wand to know. Unless that was Brad or Bobby.
I thought I could talk over here by myself in this quiet place no one really knows about. Leave to Kev to find me in a jiffy. He must have gotten a Google Alert.