Whether you have a crystal ball or not, predicting the future is not exactly a science - more of an art, particularly when it comes to predicting the real estate market.
2010 is not even into its full first month and we already have seen great predictions (as well as expectations) for the national real estate market, as explained by this Realty Times article.
The article not only addresses predictions by a very interesting question - "Will housing outperform the overall economy in 2010 as we pull out of the Great Recession?" - the answer is not clear cut, but it is definitly looking like a yes!
Why? well simply home sales are up in many areas across the nation - partially driven by the tax credits available courtesy of similus money - as well as the general fact that people are taking advantage of the market - using the low mortgage rates and ensuring they get a home at a great price.
With 2009's numbers being generally higher than 2009 it has started a positive trend! Even The National Association of Realtors‘ chief economist, Lawrence Yun predicts a 20% increase over 2009. Particularly after the record breaking rise in pending home sales.
So what of Northwest Indiana? Well locally here in Valpo, Crown Point and all of the communities we serve the real estate market looks to be robust - bolstered by the prospect of more development as the areas becomes increasingly desirable and attractive (let along welcoming!) to newcomers. 
Check out our post earlier this month which contained alot of information on local sales data in Northwest Indiana. (Northwest Indiana Real Estate: 2010 the year to buy a home in Northwest Indiana!)
UPDATE 1/25/10 - New Figures from NAR show 2009's figures were way above 2008; In 2009 there were 5,156,000 existing-home sales, which was 4.9 percent higher than the 4,913,000 in 2008 - the first rise since 2005. This was coupled with great news that there has been an increase in overall prices! The national median existing-home price for all housing types was $178,300 in December, which is 1.5% higher than December 2008! Overall existing home sales in the midwest were up 8.5% in Dec 09 over Dec 08 and inventory nationwide has fallen again! Now is the time to buy as the last chance of getting a great deal is slipping away!
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