The Market Today …

It's been an interesting 18 months, here's what happened:

• First, a lack of confidence at a time of very high prices and a worldwide economic meltdown caused a lot of home Buyers to defer buying, and too many Sellers to try and cash in.

• This resulted in a glut of homes and a shortage of Buyers. Not surprisingly, prices and sales numbers dropped; at the same time new building slowed.

• As confidence returned in the last few months, a flood of Buyers raced to take advantage of the happy combination of huge selection, lower prices, continued low interest rates and highly motivated sellers. Builders started to turn out new homes again.

2010 should be a fantastic year for us – we're less than 3 months to the Olympics, the economy is beginning to rebound, and confidence & stability have returned.