2010 Forecasts for National and Brooklyn Real Estate Are In!
From national and Brooklyn real estate to the U.S. economy, the predictions for 2010 are in. Like any predictions, they vary from somewhat bright and cheery to doom and gloom:
CNBC’s Realty Check predicts:
- the beginning of a housing market recovery mid-year
- higher foreclosure inventory
- rising mortgage rates, probably leveling off around six percent.
- suffering commercial real estate
The National Association of REALTORS®’ (NAR) chief economist is projecting:
- A sustainable recovery. The tax credit expansion will help to relieve extra housing supply through mid-2010.
- A rise in existing home sales. The NAR is expecting existing home sales to rise as high as 5.69 million, even with continuing unemployment issues. That’s a 13.6 percent increase.
In fact, the U.S. forecasts for national and Brooklyn real estate are overall positive for 2010.
Housing Predictor, one of the first places to predict the wave of foreclosures, also forecasts positive numbers for 2010. They anticipate rising home sales, market improvement and even value appreciation for some places. Again, the magic period for the start of stabilization is the middle of the year.
Although no one knows for certain what will happen in the future – especially for such struggling sectors as national and Brooklyn real estate – we can all gain a little hope from the 2010 forecasts. There is one thing that is fairly well agreed upon according to these predictions: there will be a real estate recovery in 2010.
If you’re struggling to sell your home, I can help. Call me at 718 253-9600 ext.206 or email me at charles@brooklynrealestatesales for more information.
Tags: brooklyn real estate
[…] the rise in nesters may mean an evening out of the housing supply. Although the national and Brooklyn real estate markets may not stabilize immediately, a drop in the number of homes hitting those markets could make all […]
Hey, I like your site. I was wondering if you would do a review post of my product at http://www.publicdomainpayday.com
Thank ypu for the follow I appreciate all comments. Share Brooklyn Real Estate Blog with friends.I would be glad to check out your site.
How should I invest my money to make more money in a short amount of time?
There are no sure thing to make money fast. If you have money to invest either do your research to find the best direction for yourself or find a financial adviser to guide you
Very often I visit this blog. It very much is pleasant to me. Thanks the author
Come back to Brooklyn Real Estate Blog as often as you can and bring your friends!
And you could paint this theme more in detail, it seems to me that here something does not suffice
Very interesting blog. I will come regularly here. Thanks the author
I will try to keep it interesting and informative for your continued readership. Thank you for visiting Brooklyn’s #1 real estate blog.
I very much liked the given material. I will come here often
its really great blog. Thx for the auther
Rather superb entry, definitely useful stuff. Never ever considered I’d find the facts I need right here. I have been looking everywhere in the internet for some time now and had been starting to get discouraged. Fortunately, I happened across your blog and received precisely what I was searching for.
The best blog which I saw before. There are many bits of usefull information for me.
Great article . Will definitely copy it to my blog.Thanks.
I do appreciate your input on the 2010 forecast for the Brooklyn real estate market thank you for sharing
I fully agree with all the positive feedback on the Brooklyn Real Estate blog.
I find the information on Brooklyn Real Estate Blog very informative ,can i translate in Russian and post on my blog? )