What Will 2010 Bring The Real Estate Market?

Reblogger Donald Bradbury
Real Estate Agent with Bradbury Team Prudential Patt, White Real Estate

Original content by Rosemarie Heindel

I confess, I am an avid reader.  That may be a good passion of mine, however, at times it can be negative.  Let me explain.  Recently I was reading in the December 21, 2009 edition of Fortune magazine about housing price predictions for 2010 and which areas were expected to recover sooner. 

There appears to be so many opinions on how fast the real estate market is going to recover.  Broken down by states, the projected price decline and price increase is amazing.  Some areas are looking at an additional 33% decline in home prices and some a 2.8%.  Definitely the areas where jobs still exist represent the areas where home prices are remaining "stable" compared to hard hit areas where jobs have essentially disappeared.

I don't believe anyone knows for sure what 2010 will bring in the real estate market.  What I do know and believe is, we can do our part as real estate agents to give our clients a realistic picture of what is happening in their area and help them to understand their options.  There are always options.  They may not be what they want to hear, but they deserve to hear the truth.

 

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