Any positive outlook for the market by end of 2008? (investment, price, Realtor)

[dreamofmonterey]

I realize some areas differ, but the media is all doom and gloom. What do some esteemed friends and colleagues of mine here think?

[newmover99]

I sure wish the Nashville area would start to be more realistic in Pricing.

[dreamofmonterey]

Supposedly we are in a diverse area- which a realtor told me is good- I am in NE area of Tenn.; alot of NY and NJ people moving here.

[kturbe]

Here in SoCal the inventory has gone down (but is still high) but the big thing is the phone has really began ringing since the beginning of the year. Who's calling are investors, first time buyers and sellers who have been on the fence and realize they can't have buyers market and sellers market at the same time, but realize they have enough equity to move into that larger home that has come down in price making it more affordable. I am also receiving many calls from clients who are considering holding on to their homes and buying another to get into the investment arena. I should also add Open Houses are really picking up.

So hopefully these are all good signs.......