A rollercoaster year in real estate is almost over, but a new poll shows most aren’t too optimistic for 2011, HousingPredictor.com reported.
Roughly 37% of respondents said the New Year would bring with it better market conditions. But the overwhelming majority - 63% - isn’t as hopeful, thanks to lingering concerns about the country’s economic health and tighter lender underwriting criteria.
Nonetheless, numerous surveys have shown that consumer confidence is improving and mortgage rates are still hovering near historic lows.
Advertisement
Related Stories
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
Economics
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic