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January 25, 2008

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Lawrence Carey

So the extreme tightening of credit in the last quarter of 2007 had little or no impact on the Jackson County real estate market activity?

Todd Baucom

Lawrence,you are correct. 2007 was a "perfect storm" for land sales in Jackson County. Residential sales remained fairly flat, while land sales took the biggest hit. It can be attributed to several factors. The slowing of Florida and Atlanta markets, the tightening of credit markets, morotoriums and lack of sewer in and around Sylva as TWSA announced there was no more capacity in 2007.

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