Editor's Welcome

by David Reed

March 21,2008

After a long conversation about the changing dynamics of the local housing market, David Keller, president of The Bank of Missouri, decided to bring together a panel of experts to discuss the issue. I'm not an expert, of course, but he invited me to join them.

The participants included real estate agents, mortgage brokers, bankers, builders, appraisers and developers.

Moderator Tom Stone asked each participant to describe the greatest challenge he or she faced when dealing with the issue of the changing conditions in the local housing market.

When it came to be my turn, I said that my greatest challenge is to sort through conflicting data, opinions and perspectives to come up with a balanced and understandable article. Plus, my deadline was a couple hours away.

It helped to talk to a lot of people before the discussion in the Bank of Missouri conference room and learn from the panelists. I hope readers will have a better understanding of the issue after reading the article.

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