8 real estate trends for 2009 December 26, 2008 For even the most seasoned real estate professional, 2008 was a challenging year. As the credit market tightened, the economy sputtered, foreclosures soared and the stock market took a hit, many were wishing for a crystal ball to see just when to expect a turnaround. To give insight on the real estate market for 2009 and beyond, local developers and agents offer up eight predictions:1)Less, with more. Single-family home builders are predicting the continued movement toward smaller homes, with many buyers opting for less square footage as a means of saving more, said Jim Chittaro, chief financial officer for Naperville-based J. Lawrence Homes. "We've definitely seen an increase in buyers opting for the smaller home with the lower base pric...
Comments
0