An Outlook on the 2010 Real Estate Market

Happy New Year everyone! We hope you all had a safe and fun New Year and wish you all the best in 2010! With the new year comes many questions about what is in store with the housing and real estate market. Tony Hunthausen talks about the outlook for 2010 and what looks to be a big year depending on what happens with interest rates, the Federal Reserve and the National Debt. This time last year the United States had an approximate inventory of 1.1 million homes ready to go on the market. This year we approximate 1.7 million of “Shadow Inventory” homes ready to go on the market. This is a 55% increase which potentially means a busy year for the Real Estate Market and first time home buyers. It also means that there will be many homeowners in distress who are going to need expert help and advice… Call Tony today for any questions, comments, or advice… and again ‘Happy New Year’ from us to you!

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