2009 Real Estate Market Predictions
The most asked question of the hour is, “What is going to happen in this market in the next year?”
I read a terrific article by Elizabeth Weintraub this morning that laid her 10 predictions of what will play out in the next year. A few of her ideas I found interested that will play out over the next year were…
- There will be little or no home appreciation as prices bottom out.
- Housing inventory will fall.
- Banks will rent out REO’s (very interesting).
- Banks will pursue foreclosure options over loan modifications.
- Mortgage interest rates will spike.
- READ THE WHOLE ARTICLE HERE.
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