Forecasting the 2009 housing market is certainly difficult. Things are moving alittle faster now than in 2008...thanks to lower interest rates that are the lowest in 50 years.
Supply still exceeds demand, but more balance in the future will give sellers a little more power in the equation than they have had recently. However, sellers are still enjoying profits if they have held the property longer than 2 years. Their profit is less but,most sellers are not losing money .
Investments in real estate will continue as investors are more trusting of properties versus the stock market. Investing in real estate is still a smart move. Many have saved dollars they might have had to pay the IRS.
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