December 2007 tied June 2007 for our busiest month! I’ve been scratching my head trying to determine what happened and why, and I’ve come to the conclusion that I have no idea. But I suspect

• the mortgage-financing pressures of the fall lifted and more mortgage products came back online
• having interest rates as low as they were in 2004 helped
• buyers in the DC Metro area finally felt confident in the marketplace, recognized fantastic deals, and took advantage of them

I pulled my crystal ball off my closet shelf this morning, dusted it off a bit, and posed the question: what will 2008 hold in the DC real estate market?

My crystal ball told me to stop reading the paper and listening to news reports about the market. Buy if and only if you can afford to buy, sell when you’re ready to sell, and don’t look to the market for answers. Look at your life and your goals and the timing associated with them.

No one knows what 2008 will bring – but I suspect it will be more of the same: confusing statistics, conflicting reports, and many opportunities for buyers and sellers alike.