The Jackson Hole real estate market realized a 50% decrease in sales activity during the first half of 2008. However, the 3rd quarter has already shown a marked increase lead by high-end properties over $5M.
While the banking industry seems to be having issues nation wide, local lenders are strong, they have money to loan, and they are in a great postion to finance deals, both small and large. Being locally or regionally owned and writing loans in these same markets, they have been able to avoid the negative effects of the sub-prime market. Qualified buyers will be able to secure reasonable financing for well-priced properties.
Tuesday, October 21, 2008
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