Overal it will be a tough recovery for the real estate market. This article covers some issues to for in 2010. Government programs have helped the small progress we have so far but that will change as many of these end soon. The $8,000 tax credit for 1st time buyers will end in April, March will see the end to a program that has been buying mortgage debt which could lead to rising rates, and only 31,000 of 728,000 borrowers have recieved modifications on their loans. The result will be a slow recovery for 2010 overall.
It is difficult for a lot of people but things will come back eventually and so far it is proven that the government intervention only helps for the short term. The market will have to work itself out and may be people will learn from the mistakes of the past.
Terry Manos
239-560-4043
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