Executives from some of the largest brokerages in the country expect to see their sales grow 6-8% in 2010 and home prices to start heading up about 3%, agents heard in a state of the real estate industry discussion Saturday at the 2009 NAR Conference & Expo. Expansion of the tax credit to include repeat buyers will help boost middle-market sales next year, although mortgage financing above the $417,000 non-jumbo conforming loan limit will remain a challenge, according to J. Lennox Scott, chairman and CEO of John L. Scott Real Estate. The improvement in the middle market will help tighten inventories, helping to shore up prices, but the upper-end market will continue to underperform until companies start hiring again.
http://www.realtor.org/rmodaily.nsf/pages/News2009111705
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment