BrokerageIndustry News

New year in real estate: no cause for celebration

Real Estate Predictions, Wish List for 2011: Part 3
Published on Dec 20, 2010

Editor's note: Inman News asked our audience to share their views on what's in store for real estate in the year ahead, and also to list their wishes and resolutions. This is the final installment in a series.Predictions: The issues will continue to compound due to lack of lending and buyer/seller lack of confidence. It will be another year in which people will be forced to accept that current market prices are much closer to "real" than the pre-recession numbers, which were based on unsustainable hyperinflation/appreciation. People will be forced to rethink the role of real estate in regards to investing/wealth acquisition. Wish List: 1. People begin to accept the present market as reality and not attempt to use some sort of PMA (positive mental attitude) to wish themselves into the market of yesteryear. 2. That lenders begin to change their model and lend to truly qualified borrowers vs. penalizing the entire population for their recklessness. 3. People begin ...

Comments