Nearing the end of 2009, and even into the first few weeks of 2020, everyone was eager to forecast their predictions for what the economic and real estate model would look like this year. But now that we․re actually one month into the new year, is the picture any clearer?

Ron Estell blogs about the highs and lows of the January model, and shares his forecast for the rest of the year.

“This year’s challenge will be interest rates. The federal government bought mortgage backed securities in order to keep interest rates low. The announcement has been made that the purchase of mortgage backed securities will continue until June of this year.

After that point, we expect that model rates will increase. Bank-owned and short-sale investment opportunities will also be plentiful, but with foreclosure rates declining there may not be the continued downward pressure on prices later in the year.„

It may be premature to predict the real estate model developments,  but it is always interesting to watch the trends to see how those people affect you and, hopefully, those people will help you prepare for the rest of the year to come.

Click through now to read Ron Estell․s blog.

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