There have been several reports lately concerning the real estate forecast for 2011. My favorites are the ones that say that the demand for housing will go up in 2011. Yippeee, right???? Well, yes... sort of...
Both NAR and Fannie Mae are projecting an increase in closed residential real estate transactions in 2011, but this does not mean prices will go up. Sellers, please keep this in mind! More homes will be sold, but that does not equal greater appreciation for you. We must take reports with a grain of salt. Speak with your local real estate agent for information on your neighborhood.
Info from KCMBlog.
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