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Real estate deja vu in 2011

Real Estate Predictions, Wish List for 2011: Part 2

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

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 second installment in a series. (How to participate.)   Predictions: There is a shaky yet stronger outlook for real estate in 2011. The industry is still in shambles, considering the foreclosure crisis we are going through, the decline in home equity, and the drop in sales of foreclosed properties. But while these are negative indicators, there are some bright spots in the industry. For one, the index of sales agreements for previously occupied homes rose 10 percent in October, signaling that there are some bullish signs in the market for existing homes. Also, even though Federal Reserve Chairman Ben Bernanke estimates that we have four or five years until unemployment reaches pre-recession levels, that means that there will have to be some incline over the next few years. Even though this increas...