Dockery Blog

2008 is upon us & the stock market will reportedly crash by year-end.  If you believe that then I've got some ocean front property in Arizona!  The rural market slowed toward the end of 2007, but has since picked right back up from mid year 2007.  Prices are stable as the oil and gas market continue to be the main engine.  Major oil companies are surveying & leasing land hoping to capitalize on high prices.  This may be just an R&D project that may not reach fruition for several years.  Also, being considered nationally are economic stimulus packages to jumpstart the rest of the country.  Lower interest rates appear to be coming, making borrowing even more affordable. 

That said, buyers are still willing to pay what locals would consider "too high".  The only problem is there is no replacement properties in the market any lower.  Soooo, if you've been waiting/hoping to see the market go down, you may miss another buying opportunity.  That won't happen until three things happen:  Hunters stop hunting, Oil & gas prices drop drastically, & long-term mortgage interest rates are higher than 9%.  I don't see it happening any time soon.  Maybe our new President will have the answers!

The family was lucky enough to go to London and see our daughter, Rachel, participate in the New Years Parade. 

Until next time!