With the global financial crisis, real estate investors are on the lookout for the future of real estate. The years 2007 and 2008 have been cloaked with a gloomy condition. While it’s still early to predict what the real estate market can be in the 2009, there have been early indications of what’s in store for us. Generally, the real estate in 2009 will resemble this picture. Unlike the 30-50 percent declines in the previous years, there will no longer be a noticeable price drop as consumer confidence continues to falter. This seems like doom but there’s no other lens to look from. Luckily for those with a good credit standing, 2009 is the best time to invest in the real estate. This is just one of the few positive things left in 2009. In states like California, the number of homes for sale will dramatically decrease by 45 percent or even more. This entails a domino effect on the industry. There will be at least 10% layoffs in the construction industry. Fewer homes will also mean fewer sellers. Banks, as a dominant sector in the real estate, will release REO inventory slowly just to increase housing prices. Due… Read full this story
- Finance, Trading and Capital Markets
- The Falcons are Atlanta’s team once again
- Cubs likely to start own media network after 2019 season
- AP Source: Timberwolves adding NBA's 1st Chinese owner
- Timberwolves finalize addition of NBA’s 1st Chinese minority owner
- Stars and dollar signs: Cowboys set for move to new facility
- Cowboys set for move to new facility in Frisco
- Milwaukee Bucks History: The Foundation Of The Franchise
- The harrowing story of former NBA lottery pick Robert Swift
- NBA: Top 10 Final Seasons for NBA Arenas
Real Estate Market in 2009 have 292 words, post on ezinearticles.com at April 21, 2009. This is cached page on wBird. If you want remove this page, please contact us.