What does 2009 hold for Real Estate?

Everywhere is going to be better for some. Unfortunately, if unemployment continues to rise, it will force more foreclosures. No job, no mortgage payment, right? If foreclosures continue, the pressure on home values has to continue downward.

I am optimistic, but logical too. I think there are patches of good sprinkled everywhere and I'm focusing on those patches. Will things bounce back in 2009? I sure hope so, but I also believe it will be the tail end of 2009 not any time soon.

Obama is correct to look to create jobs, but his first two ideas don't seem like they will yield many jobs. His first idea is to help kids go to college. How does that create jobs? Secondly, put medical records on-line. Not many jobs here either. Public works jobs make sense, but we have plenty of public workers already.

Should we stimulate the entrepreneurs to create jobs?