After taking a negative slide in 2010, economists are predicting an upswing in the number of homes sold in the US and also a rise in the median home price. They do make one caveat though, the business spending and consumer confidence levels have to do their part.
Most Realtors that I’ve talked to seem to think that we are the market is turning for the better as well but it will be a long, slow recovery.
That said, rates should rise but not to alarming highs, prices should stay affordable and 2011 should be a great time to be in the real estate market.
Here is the data examined and a link to the full article in Realtor Magazine.
