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Hello, eveybody. Sorry that I haven't been very active. I have been concentrating on my career, Real Estate. If you watch the news or evesdrop on a conversation at work or in a bar, you probably know that nationwide we have an economic problem due to sub-prime mortgages. I recently went to Las Vegas to attend a friend's wedding. I met some of his family from all over our great country. Once they found out that I am a Realtor, the discussion immediately turned to real estate. Their are good and bad things about the current market that I face in my business. Those that want to suceed by working hard are doing great. My office consists of about 90 agents. I would say that about half of that number are working full time. My company has 10 offices with over 700 total agents. We are doing fine. In fact we are doing about the same dollar amount as last year. Last year was our second best year as a company. Our competitor has had to close and merge some of their offices. So when I run into people and they ask me about the real estate market, I tell them that it is good. They don't believe me, but they don't understand that real estate is "local". Things that happen in California aren't necessarily what is happening in Missouri or any other state. Here in St. louis, I could even say that certain suburbs are doing better than others.

The good about this market is that those that are inventive or are willing to work hard will suceed. The bad about the market is that yes, we will see a slight devaluation of our properties. The devaluation is due to the amount of foreclosures in your neighborhood. Those foreclosures are due to people who bought a house with no means of actually paying for it. So be patient and take advantage of the devaluation in the market. When your house gets re-assessed for taxes, your taxes will probably be less. If you have a high mortgage rate, consult your realtor and lender and see if it is the time to refinance. If you need a Realtor, give me a call. I can help you even though you don't live in St. Louis. Take care and think glass half full.