Real estate forecast for 2011

Better days are ahead.

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At least according to this observer. We'll return to the days when buying a home was considered to less of an investment, but more a matter of securing a place where we can enjoy the richness of life.

We'll never return to the glory days of the pre-2006 housing bubble, but there are signs of a coming reversal of the deep plung in home values that caused havoc with so many Americans. Firist-time jobless claims, we learned today, are declining. More Americans are realizing that they had better sell before home prices go even lower. And, now, potential homebuyers are noticing that historically low mortgage rates are starting to turn back up--an incentive to buy now.

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  • So, I guess so much for your prior post pooh poohing a poll saying Americans now think it is time to buy.

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    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

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