Nassau County Real Estate in 2009

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?