Forecast for 2011

We continue to move forward in Star Valley with cautious optimism that our real estate market is in the beginning stages of recovery. With pricing in some areas below “pre-boom” levels, inventory starting to decline, an increase in activity, all of which are typically signs of the market stabilizing. While we have not seen recovery in every segment or area of the valley, it looks as though we may have seen the market bottom in certain areas. While it is difficult to gage what the market has in store in a time of such economic uncertainty, we should see the number of sales continue to rise throughout the valley, due to never before seen pricing and a continuance in distressed properties and drastic price reductions in vacant land, especially within newer subdivisions throughout the valley. Due to these factors along with extremely low interest rates and new opportunities in vacant land lending, we expect to see buyers capitalize on current conditions and an increase in the number of transactions.