Well, there’s no doubt how CNNMoney feels about the upcoming 2010 housing market:
“After four months of gains, home prices flattened in October. Worse yet, industry insiders think that they’ll soon start to fall.
… most forecasts predict price declines in 2010, with possible losses ranging from anywhere from 3% on up. Fiserv Lending Solutions, a financial analytics firm, forecasts that prices will fall in all but 39 of the 381 markets it covers, with an average drop of 11.3%.
We’ve seen recent price stabilization because of low mortgage interest rates and the impact of the first-time homebuyers tax credit,” said Pat Newport of IHS Global Research. “But there are really good reasons to think prices will now start going down.”
The full article–
http://money.cnn.com/2009/12/31/real_estate/home_price_drop/index.htm
