trends: Jay's Annual 10 Predictions for the New Year
- 01/02/10 07:37 AM
There are a lot of sighs of relief now that 2009 is past, particularly coming from the real estate industry.But will 2010 be any better?I have just dusted off my crystal ball... and I can now offer my annual 10 predictions for real estate in the coming year:1. The residential housing market will pick up early this year, but will dip again after mid-year.2. Short sales will increase and foreclosure inventory will continue to rise.3. Mortgage rates will rise and settle in around 6%+/-.4. Appraisal guidelines will tighten and mortgage lenders will require stellar credit from buyers.5. A lot of prospective … (7 comments)
trends: When the Market Will Change - February Update
- 03/06/07 08:44 AM
In January, I wrote a blog entitled "Knowing Exactly When the Market will Change" that received many comments, replies and supportive feedback. In that blog, I stated that as soon as we have 3 consecutive months when more inventory is going off (under contract) than is coming on (new listings) we can expect to once again experience an appreciating market. So where do we stand so far this year? In January, in my 22 town Massachusetts North Shore area, 404 single family homes came on the market and 209 single family homes went under contract (off market). In February, 377 single … (7 comments)
There are a lot of sighs of relief now that 2009 is past, particularly coming from the real estate industry.But will 2010 be any better?I have just dusted off my crystal ball... and I can now offer my annual 10 predictions for real estate in the coming year:1. The residential housing market will pick up early this year, but will dip again after mid-year.2. Short sales will increase and foreclosure inventory will continue to rise.3. Mortgage rates will rise and settle in around 6%+/-.4. Appraisal guidelines will tighten and mortgage lenders will require stellar credit from buyers.5. A lot of prospective … (7 comments)
;)
;)
;)
