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photo credit: TheTruthAbout...
It has been quite a road for the economy and of course for the real estate market as well. A couple of years ago people were excited about getting into houses they knew they couldnt afford, it was great. Who knew you could have a house that big? Then the big tumble came and people realized that no, they couldnt have that big house they couldnt afford.
Of course that wasnt the case for everyone. Many were in the homes they could afford and then down came the real estate market. However, in 2010 the fall may be the rise of real estate.
The National Association of Realtors CEO, Dale Stinton, has a positive outlook for the near future of real estate and for the job market. He believes, along with other forecasters and economists, that the market dipped after the expiration of the Federal Tax Credit, which happened to be in a normal slow period for real estate, but will pick up again after a couple more months of slow sales.
Mr. Stinton believes that the job market will pick up and we will end the year in an average state. At this point, average seems much more like well above average compared to what we have been getting used to, but like they say, youll be surprised at what you can get used to.
Read the full article from Inman News
Posted on July 16, 2010 14:12:16 by Scott.Shields
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