Where is this market going? Should I hold out for lower prices before I buy?

What does 2011 look like to you? What do you hope the 2011 Real Estate Market will bring? 


Will rates rise? Is there "shadow inventory" lurking about?  What about home prices?

There are 3 critical factors that will determine how the housing market will look in 2011. Unemployment rate House prices Interest rates Cherry Creek Mortgage has put together a great short presentation that examines each of these, and their effect on 2011. The last half of the presentation is particularly interesting, pointing out the effect of 10% decrease in home price vs. a 1% increase in your interest rate. Also, how that 1% jump in a rate may lead to not qualifying for the loan.  Thanks and enjoy!

Please Click Here for the 7 minute presentation. Very interesting.

Be a Fan