2010 Economic Outlook From the National Association of Realtors
Before I begin writing reports about the Cabot real estate market, I thought it would be interesting to highlight the economic outlook. The National Association of Realtors recently released their outlook for 2010. Here are some of the forecast the NAR is predicting for 2010.
Home Prices
up 3.6% from 2009
New Home Prices
up 4.2% from 2009
Mortgage Rates
30 Year fixed 5.7% up a 1/2% from 2009
The economist are predicting a better year from the national real estate market. Hopefully they are right. My next posts will have the year end home sales in the Cabot area.
Good day