Fannie projects that existing home sales will increase slightly, but that new home sales will drop significantly. Fannie’s number crunchers say we should expect 2010 housing sales to be down 7% from last year, and with slightly lower median prices across the nation. But it expects things to pick up in 2011.
Well “thank God!” is all I can say to that! Summer and Fall 2010 were some of the slowest times I’ve had in nearly 6 years of selling residential real estate in metro Phoenix Arizona. I’m ready for 2011 to be a happier & busier year than 2010.
image credit: Image ID 1128001 by svilen001 at StockExchange
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