Thursday, December 23, 2010

Fannie Mae: 2010 sucked, 2011 better

Image ID 1128001 by svilen001 at StockExchangePer Fannie Mae, the fourth quarter of 2010 will not wind up being a memorable time for housing sales.
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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