Spring 2011 Housing Market Predictions

By
Services for Real Estate Pros with Think Glink Media

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

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John Howard
Century 21 LeMac Realty - Mountain Home, AR
GRI, Mountain Home, Arkansas 870-404-3614

Ilyce,  I think it will different in different markets.  I certainly don't think we are in for a Boom this year.  I have been getting more inquiries from the Upper Midwest as folks are tiring of the winter snows...Have a Great Weekend!

Feb 04, 2011 10:22 AM #1
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Tommy Taylor
Taylor Properties & TexasForSale.net - Kerrville, TX
CNE- Texas Hill Country Realtor

Ilyce- I know every market has some differences but as a whole it's been pretty tough over the last couple of years. My local market has not seen the decline in values and high rate of foreclosures that have been talked about all over the country. Things have started to pick up some here and I have a bright outlook for 2001, although I realize it will take years for the activity to get back to what we perceive to be normal. 

Feb 04, 2011 10:27 AM #2
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Bryan Robertson
Catarra Real Estate, Inc - Los Altos, CA
Broker, Author, Speaker

I think predictions for 2011 will be very market dependent.  Within California, I know large markets in good areas that are doing very well.  Silicon Valley luxury markets (or near luxury) are doing extremely well and sales are already pointing to a strong start for the year.  It would not surprise me if Los Altos, Los Altos Hills, Saratoga, Palo Alto, Atherton, Mountain View, Cupertino, and Sunnyvale all experience ASP and MSP increases in Q1 vs. Q4 of 2010 and Q1 2010.

Feb 04, 2011 04:30 PM #3
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Ilyce Glink

Best-selling author, award-winning TV/radio host.
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