Fairhope home sales and market conditions for 2008
By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
What a strange trip this has been. All of us piled up in this stationwagon taking in the sights at CNN and the morning news. Oh look, it's an up day on Wall Street. Uh oh, it's down again. There, over on the left ... it's another report of unemployment rising. Stop, put the brakes on. The Fed has spoken and bailed out Bear Stearns! Everyone in the car keeps asking if we're there yet. Is this bottom? It's times like these that make me wish I could present these figures in a grid format and let you take from them what you will. But why break with tradition? So here's my view of what's happening in this real estate market. ■ Sales in the first quarter of 2008 are down 33% compared to the first quarter of 2007. Last year, I could point to some 180 houses under contract as a hopefu...
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