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Predictions 2010

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Maureen Wilkey

Writer on real estate from any angle

I find that the more predictions I read or hear about real estate, the more I realize that they're not so different from resolutions in all cases.

Personally, I tend to make resolutions more often when the year I'm exiting has been a crappy one. The last three years, I've saved them on my computer and discovered I try to be more optimistic when I feel lost, down or bored for much of the old year. When I'm getting out of a good year, I might not even make resolutions at all (be wary of this, it usually means you're about to enter a world of hurt.)

So this year, based on an amalgamation of predictions, I think we'll see a slow and steady first quarter, improvement in the second quarter and stabilization in the third quarter. This is based on the way the tax credits will be structured, as well as absorption of existing new units and traditional moving trends.

Here's what some others think:

Cyberhomes.com predicts a 20% increase in sales and a 2 to 4 percent increase in sales price, due to the tax credit and increase in demand.

North Shore Home Connection is looking forward to selling more and encouraging potential home buyers and sellers to get out there and do it in 2010.

For you renters, Chicago Integrated Marketing is predicting Zillow will overtake Craigslist as the source for finding new apartments with its new map widget.

 

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