I’d like to start this look at real estate in 2011 by telling you that there are indeed green shoots coming up. I’d love to say that there are indications of people starting to think about buying homes and that lenders have relaxed lending standards so that more buyers can get financing and more homeowners can refinance.
I’d like to tell you that real estate property values are rising and that your home equity will be restored by year’s end.
The problem is I’d be lying if I told you the real estate housing market is returning to anything resembling normal.
Unfortunately, I don’t have a lot of good news in my spring real estate 2011 market forecast. In short, I think the housing market is going to be very much the same as what we’ve been seeing over the past few years since the housing bubble burst, with maybe even more foreclosures than in 2010.
But are there any bright spots? Maybe. To see my full blog post and see where those green shoots may come from, check out the full post at: http://real-estate.equifax.com/2011/02/spring-2011-housing-market-prediction.html. What do you think, ActiveRain? Are we in for more of the same?
Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blog and CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investor