Plainview, NY

With under contracts down 15% in 2008 - what can we expect for the Nassau County Long Island real estate market in 2009. I believe the real estate market here as in much of the country will be driven by the interest rate story. Interest rates in the 4's would bring stability to our market and create a better balance between buyers and sellers. With inventory starting 7% lower than last year and sellers more realistic about their prospects, first quarter action could show improvement over last year's figures. Presuming that the incoming administration creates a significant stimulous package, activity will be brisker from spring into early summer - after that watch interest rates on July 4th. That's as far as my crystal ball sees. Do you see the same picture in your market?

THE GOOD NEWS

Strange as it may seem, the one segment of the economy that gives us
cheer is housing. Housing has been the weakest sector of the economy
for some time. However, mortgage applications rose 112% last week --
the biggest percentage gain in history. Refinancing also leaped upward
by some 203%. With some trepidation, we are inclined to say that the
worst may be over for housing.

Moreover, the stock market seems to agree with us. With stocks like
Masco (MAS), a Growth Portfolio pick leveraged to the home-building
industry, leading the market higher, housing seems to be emerging from
the doldrums.

We also note that October's figures showed houses to be more affordable
than any time in the last 20 years. Today, with the Federal Reserve
buying up mortgage-backed agency securities and forcing mortgage rates
lower, we expect affordability has reached a record high. Housing
prices have also come down a huge amount. Americans know a bargain when
they see one, and will surely increase their buying thanks to record
high liquidity.

Housing was a significant catalyst for the downturn in the stock market,
and we believe a turnaround in housing is a needed catalyst for an
upturn in the economy. We are not about to stand on a soapbox and shout
that the worst is over. However, the improved figures from the housing
sector are certainly a positive sign.









Christine Dawson
Mortgage Consultant, Retail Mortgage Sales
Wells Fargo Home Mortgage
M6575-011
2350A Merrick Rd
Bellmore, NY 11710
(516) 409-2880 Tel
516-445-0521 Cell
1-866-892-7154 Fax
Christine.B.Dawson@wellsfargo.com
www.cbdawsonmortgage.com
There are 13 AAA rated companies in the world, 9 are located in the US.
Only one is a US bank...Wells Fargo!

The Seasons Fitness Center

The Seasons Outdoor Pool

The Seasons at Plainview Long Island (Suffollk County) New York is a 55 and over gated condo community in nearby central Long Island. Built in 2007, these 106 units are close by to Woodbury and Syosset shopping, the Long Island Expressway, the Northern State Parkway, Route 135, and the Long Island Railroad.

These new condos have 2 bedrooms and 2 baths. There are 2 styles of units. There is an upper unit with loft area, and a lower unit with basement. At the present time condos at The Seasons range in price from the high $400,000's to the mid $600,000's. The amenities include a Clubhouse, outdoor heated pool, fitness center, playground, and social gathering rooms.

If you would like to visit The Seasons at Plainview and see the availability of condos for sale, please contact LARRY AN SHEILA at 631-780-4422.

http://www.suffolkexperts.com

*Source MLSLI

POB Library & Mark Schreier

Licensed Sales Associate

Century 21 Prevete Real Estate

All Non Perishable Items Needed Including:

Stuffing Mixes

Canned Sweet Potatoes

Boxed Instant Mashed Potatoes

Turkey Gravy

Canned Corn

Canned Green Beans

Canned Carrots

Canned Fruit Cocktail

Canned Peaches

Canned Mandarin Oranges

Disposable Roasting Pans

Can-Openers

Frozen Turkey's

To Donate Contact,

Mark Schreier, LSA

(516)263-9094