The National Association of Realtors’ chief economist Lawrence Yun says the housing market has regained stability and expects further gains in 2011. Pointing to positive trends in the overall economy, as well as housing prices, sales, and affordability, Yun predicted existing-home sales will reach 5.5 million units next year, home prices will rise 1.0 percent, ... MORE
Theresa Springer’s Blog
From July 2009 to June 2010, first-time buyers accounted for 50 percent of all home sales, up from 47 percent in 2009. The 2010 National Association of Realtors Profile of Home Buyers and Sellers shows a record number of entry-level buyers, largely due to the success of the home buyer tax credit. The survey also ... MORE
[youtube http://youtube.com/w/?v=SQgqAeMfto4] Rick Sharga, senior vice president of RealtyTrac, says uncertainty in the foreclosure market will lead to slower sales this quarter, followed by an accelerated rate of activity in the first quarter of 2011. MORE
[youtube http://youtube.com/w/?v=qmIJ252dd4Q] Robert Shiller, Yale University economics professor and co-founder of the Case-Shiller Home Price Index, expects home prices to continue to grow over the next four years, but at a slow pace. MORE
[youtube http://youtube.com/w/?v=nE2fD06CqEQ] Lawrence Yun, the National Association of Realtors’ chief economist, says job creation numbers are headed in the right direction and that, along with low mortgage rates, will be the key to bringing buyers back to the housing market. MORE
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