Predictions for 2009

Thursday, November 13, 2008 at 10:49PM
MRU Managing Editor

It’s just starting to be that time of year, or should I say, that time of the end of the year. This is the first set of predictions I have seen for 2009 and real estate. It’s worth the read…………

By Elizabeth Weintraub, About.com

Top 10 Real Estate Predictions for 2009

1. Little or No Appreciation as Market Bottoms
2. Housing Inventory Will Fall
3. Bank Will Rent Out REOs
4. Buyers Will Compete in Multiple-Offer Situations
5. Real Estate Competition Will Shrink
6. Sellers Will Shun Loan Modification Programs in Favor of Short Sales
7. Banks Will Pursue Foreclosure Options Over Loan Modifications
8. Mortgage Interest Rates Will Spike
9. Rental Rates Will Increase as Demand Increases
10. Tax Breaks for Home Selling Will be Revised

By Elizabeth Weintraub, About.com

http://homebuying.about.com/od/marketfactstrends/ss/110708_2009-RE.htm

 

Article originally appeared on Property Management Advice, Tools & Resources - MyRentalUnits.com (Beta) (http://www.myrentalunits.com/).