What Will The Housing Market Do In 2009?

A new year is upon us and we are hearing the same question; What will the real estate market do in 2009?

1. First off, the Government has said they will do everything in their power to stimulate the
economy, and they added that to get the economy going, they need to stimulate the housing
market.

2. Interest rates are now in the high 4's and low 5's. The Treasury Department is planning to
come out with a 4.5% 30 year fixed rate mortgage.

3. Prices are down considerably from recent years.

4. Foreclosures are slowing down.

5. With the stock market heading in the wrong direction, Investors will be looking for Real Estate
to invest in.

In fact, National Realty News came out with a great report on January 6, 2009 about the housing market in 2009.
Read about it here; http://nationalrealtynews.com/content/templates/default.aspx?a=1571&template=print-article.htm