Real Estate Looking Up: Predicitions for 2010
October 18, 2009 by admin
Filed under Positive Real Estate
According to a survey released by the National Association for Business Economics home prices are expected to rise 2 percent next year.
More than 80 percent of economists surveyed by the NABE think the recession is over and recovery has begun. David Stevens, commissioner of the Federal Housing Administration, concurred, adding that mortgage rates will rise to 5.6 percent by the end of 2010, though not enough of an increase to discourage a 12 percent increase in mortgage applications next year
