I wish everyone a happy and properous new year. The Savannah real estate market is slow right now but the same potential for growth is present in spite of the national economic downturn. In some areas of the country like Michigan there are fundamental industry problems that cause their situation to linger for awhile, but Savannah is poised for long term growth.

Savannah is attractive to baby boomers looking for a warmer climate to retire and our tourist industry is thriving. The military bases will be thriving again after soldeiers return from the wars. We are steadily attracting new industry and I expect this to continue as the port continues to grow. Savannah is on the verge of landing deals with major manufacturers -- it's only a matter of time.

Savannah has to improve in a few areas -- education being one of them. Savannah needs to offer a better educated and prepared worforce before major industries find us attractive. But Savannah's attracting a much more diverse population and the school systems are working on improvement. With the industry that is coming into Savannah, it also attracts workers from all over, so the make-up of the city is changing fast. I would like to see more attraction of hi-tech companies, because i believe the future health of cities depends on these small businesses.

I expect the housing situation to improve in Savannah this year, starting in the spring then slowly improving. For any buyers who've been sitting on the fence, email me, mike@mikefarmerrealty.com, and I'll give you a complete picture of the housing market and help you make plans to buy.

Have a good one!