No one will soon forget 2008. It will be remembered for a vast amount of interesting news and events. Tornado's, record flooding and a nationwide failure of many of the financial institutions that we have all taken for granted would always be there.
In spite of all that our area has remained resilient. Being a second generation builder I have seen the housing market come and go in the housing industry but it has always recovered to become even better than before, this time will be no different.
I am very surprised how many people are thinking of buying or building new home, and with the smaller inventory of available homes out there, homes are being snatched up at a record pace. We are so blessed to be in this area where we have not seen a huge price run up and the home values have been steady. Now with interest rates at an all time low and the government pushing money into the system I look for a huge new building market in 2009.
I would suspect that there will be more stimulus put into the economy early next year that housing will benefit in a big way. The government is going to need to fix housing first if banks are to get healthy and foreclosures stop taking down home values in other parts of the country. http://www.nahb.org/news_details.aspx?newsID=8328
In any case we probably are all glad to see 2008 go away and be a memory instead of a reoccurring nightmare. Oh by the way for a positive outlook, "Turn off the news!!!!"
Craig
