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2009-11-16 19:24:22 Home prices to rise 4% in 2010 Home prices are expected to grow modestly next year and sales will keep rising as the housing market continues to recover from the worst downturn since the Great Depression, the National Association of Realtors said Friday. Home resales are projected to total 5.7 million next year, up from an estimated 5 million this year. Prices will climb about 4 percent after a projected decline of 13 percent this year, according to Lawrence Yun, chief economist for the trade association. 'Going into 2010, I anticipate that prices will also begin stabilizing or begin to modestly improve,' Yun told the audience at the association's annual conference and expo in San Diego. That should help ease buyers' anxiety. 'I don't think the fear factor will be at play in 2010,' Yun said. The housing market's rebound has been aided by an aggressive federal intervention to lower mortgage rates and bring more buyers into the market. Home resales rose in September to the highest level in more than two years, something Yun said shows buyers are eager to get back into the market. |
Blog Archive
2011-03-10 18:00:07Foreclosure Filings Hit Three-Year Low as U.S. 2010-05-04 09:17:00 End of tax credit unlikely to deter most buyers ! 2010-04-22 11:41:44 Home sales rise more than expected 2010-04-19 13:54:25 Utah's housing market: Good time for buyers, but f 2010-03-26 11:38:28 Gov't unveils plan to shrink some home loans 2010-03-18 11:32:26 Building Permits UP! 2010-03-17 09:14:37 TAX CREDIT GUIDELINES 2010-03-16 11:11:25 Home Tax Credit is ENDING! 2010-03-03 07:19:49 Nab a real estate deal - while you still can 2010-02-26 11:42:28 Mortgage delinquencies down in U.S., Utah 2010-02-21 12:26:14 Is This the Safest House in the World? 2010-02-16 08:26:37 FHA FLIPPING RULES 2010-02-02 18:30:21 FHA suspends anti-flipping rules 2010-01-25 12:26:54 NEW HOUSING NUMBERS 2010-01-18 19:47:02 GREAT NEWS FOR INVESTORS & FHA BUYERS! 2009-12-30 12:38:58 Latest Home Price Data Is Good News for Buyers 2009-12-23 09:34:46 November home resales soar in SL County! 2009-12-22 09:38:06 November home sales soar 7.4 percent 2009-12-08 08:21:21 FHA home loans be more expensive? 2009-12-01 09:27:09 Bad Time To Buy or Sell? You Sure? 2009-11-25 12:17:02 Fannie Sets Foreclosure Program 2009-11-24 09:28:28 Sales are UP in Utah! 2009-11-23 10:51:14 U.S. existing home sales pace highest in 2-1/2 yrs 2009-11-16 19:24:22 Home prices to rise 4% in 2010 2009-11-16 19:22:36 Housing: Is it a good time to buy? 2009-11-09 19:57:09 Buy foreclosures now - before it's too late 2009-11-09 18:16:06 Tax Credit Extended 2009-11-09 18:10:57 Home Sales Contracts Rise |
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