2008 Predictions: Another Good Year for Real Estate

As I’ve said in previous blog posts, despite the negative news, real estate continues to move along at a brisk pace. 2007 was a great year for real estate on LA’s Westside, which includes Beverly Hills, Holmby Hills, Bel Air, Malibu, Santa Monica, and more.

In August, I was quoted in a First Republic Bank press release titled, “California Luxury Home Values Continue to Rise.” For the full article, click here.

The article highlights what my colleagues and I have been saying throughout 2007, the year in which our industry has taken quite a beating by the media: It's not all doom and gloom in real estate. In fact, the skies have been pretty bright over the past few months.

Mike Kelly, a Realtor in Sonoma, California, posts the same article ins his real estate blog, “The Mike Kelly Real Estate Show” Click here to read it.

If you’re feeling nervous about the market, I understand your concern. But it’s important to counter your fears with facts. And the fact is, in high-end markets throughout the country, real estate prices continue to rise. And that’s good news for professionals like us and our clients.

It’s only January, so I can’t make any guarantees. But based on what I’ve experienced up until the end of 2007, I’m expecting to report good news to you throughout the New Year.

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