Real estate industry in the US looking forward to a better 2010

[Nicholas Wallwork]

Real Estate realtors in the US are confident about 2010 and predicting*that home sales will increase 13.6% in 2010 and prices rise up to 5%.*The latest report from the National Association of Realtors predicts*that both existing home sales and new builds will increase as many first*time buyers take advantage of special policies to encourage them onto the*housing ladder.

It is projecting that as many as 2.4 million first time homebuyers took*advantage of the $8,000 tax credit. First-time buyers accounted for 47% of*home sales in 2009, up from 41% in 2008 and a low of 36% in 2006, NAR*added.

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[capstonic]

You are right. The growth of every field in this year will touch the sky. Everyone will grow. Hats off ! 2010

 

[KofiLGS]

This article pertains residential sales but investors must note that the commercial real estate market is now on the decline.

 

[jitendrasnv]

This year the real estate market is on the high peak and the investments suppose to be a good in the market.