Wow, what an amazing year 2006 was! Thank you to all my clients, family and friends for all the support. I appreciate all you do for me! We saw many changes in 2006. The market shifted from a sellers market to a buyers market, new real estate law passed (Home Equity Theft Prevention Act), not to mention my poor Yankees falling short of the World Series [:'(]. I'd also like to recognize the folks at the Arlington School District and the HALT (Help Arlington Lower Taxes) committee for all their hard work. If you think our school tax system needs reform, visit HALT.
2007 is off to a fantastic start, interest rates are holding steady between 6% - 6.5%, listing prices have come down and buyers have realized home prices are more affordable again. My opinion..... seems there won't be a real estate bubble after all. I feel we'll see a small depreciation by the end of 2007 and a the market will stablize in late 2007 early 2008. What are your thoughts?