US News & World Report has an excellent article on the outlook for Real Estate in 2010. Read it here. In the author’s opinion, interest rates along coupled with lower housing prices should be key to an economic return in 2010 for real estate. Particularly coupled with federal money for first time homebuyers. After all, a decent house price is great, but one pays much more for their mortgage than they do for the home, so the combination is becoming a great time to buy. As the foreclosures go back on the market, we may feel some relief for the mortgage companies, title companies, and all those who provide materials, labor, household goods, etc.
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