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Home Resale Values Rise in 20101
Home prices to rise 4 percent in 2010 - Realtors' economist sees resale home values, sales rising in 2010. The chief economist for the National Association of Realtors says home prices will grow 4 percent next year and home resales will keep rising as the housing market continues to recover.
Lawrence Yun delivered his forecast Friday at the trade association's annual conference and expo in San Diego.
Yun expects home resales will hit 5.7 million next year, up from a projected 5 million in 2009. He sees unemployment peaking at 10.5 percent before dropping down to around 9 percent this time next year. Mortgage rates, meanwhile, will average about 5.7 percent.
Bienes Raices Ahorre November 13, 2009 02:02 PM