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Home prices will rise more than 3% in 2010

January 5, 2010

One Economist’s Prediction for 2010.

“NATIONAL ASSOCIATION OF REALTORS® Chief Economist Lawrence Yun sees it all differently. He predicts home prices will rise more than 3 percent in 2010.

“The headwind we face is rising mortgage interest rates,” Yun says, “but the compensating factors will be the home buyers tax credit in the first half of the year and increased job creation in the second half.”

Source: CNNMoney.com, Les Christie (01/01/2010)

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