Foreclosure Market in 2010
What are the main changes in the real estate market this year? Why you can't do the same things you did last year and more in this good recap of the last years.
If you want to become a real estate investor, it is imperative for you to know about the market forecast for the years 2010. Even if you are juts planning to enter the field of real estate investment, you have to start forecasting the market to be able to have successful business in the future.no one will argue that the year 2009 was a crying time for the real estate market in general.
The price of home has been dropped down over 7% from the year 2008. For the year 2009, the foreclosures were about 300,000 per month, this is considered as a very big figures. This is really good news for all real estate investors.
At least there is a small amount of good news. Although the price is down, there is a slight rose within the real estate market. The interest rates for home barrowers have dropped down below 5%. Some of the real estate experts say that this is now the beginning of the recovery and 2010 is the start of a good year.