2010 Housing Market Predictions iArticleBeach.com - Free Articles for Reprint. Add great content to your web site today

Home | About Us | Contact Us





Forgot Password? New User?

	Poetry
	Business
	Music
	Humor
	Arts & Entertainment
	Movies
	Destinations
	Women Issues
	Home Improvement
	Dating
	Real Estate
	SEO
	Health & Fitness
	Investing
	Home Based Business

View all Categories

Welcome to iArticleBeach.com - Free Articles for Reprint. Add great content to your web site today!

Articles » Finance » Mortgage >> View Article

2010 Housing Market Predictions

By: Sharon Flaherty

Looking back at 2009, the housing market was surprisingly resilient in the face of continued recessionary difficulties.

Although a lack of mortgage lending still dogged many would-be borrowers throughout the course of the year, mortgage lending did seem to get better towards the end of 2009, with mortgage lenders coming out with more rates of interest and higher loan-to-values.

House prices also didn't suffer as badly as they could have, and even rose in some months of the year, according to various house price indices.

Added to this was the fact that the number of homes repossessed or taken back into ownership by lenders even begun to decline by the third quarter of 2009 on the start of the year*.

And of course, the low interest rate environment - where the Bank of England Base Rate was held at 0.5 per cent for nine months - arguably improved the fortunes of the housing market.

Taken together, this could make some people positive on the outlook for the housing market for 2010, so what is likely to be in store?

What to expect from 2010

Well, if a survey conducted with consumers and by the Building Societies Association (BSA) is anything to go by, then property prices will rise by 3 per cent in 2010.

The Royal Institution of Chartered Surveyors (RICS) -a respected source of house price information - expects more properties will be put up for sale in 2010, and that more sales will be completed as a result. Importantly, it believes that at the end of 2010, house prices will finish one or two per cent higher than 2009 levels.
At the same time, the National Association of Estate Agents (NAEA)are forecasting that in some parts of the country, house prices may even drop slightly in the first half of the year, to then pick back up and remain stable in the second half of 2010.

Finally, Capital Economics, a leading economic research consultancy says it is difficult to predict when house prices will change but has pencilled in falls of 10 per cent in 2010, and falls of 5 per cent in 2011.

What are the barriers to a healthy housing market?

The high rate of unemployment is an obvious block to a housing market recovery as the lack of job security means people are less likely to move home, or try to climb the property ladder.

First-time buyers are also still being locked out of the housing market and although there is still pent up demand, high deposit requirements are preventing many from buying a home.

And of course, another underlying reason as to why the housing market may remain a little constrained in 2010 is mortgage lenders aren't lending enough to kick-start a recovery, although there were some positive moves at the end of 2009, which potentially bodes well for 2010.

Moreover though, a 2010 housing market recovery is hanging on what the Bank of England decides to do with interest rates. For the last nine months, the bank has held them steady at 0.5 per cent, which brought some security to mortgage holders and arguably propped up the housing market, so what happens there is likely to be vital to the housing market in 2010...

--
Keep up to date with housing market predictions for 2010 with Confused.com Mortgages

Total Views : 154 Word Count Appx. : 543

See All articles From Author

Wed, 08 Feb 2012 20:57:39 GMT Review: Soulo converts iPad into karaoke machine (AP)

AP - Karaoke lovers typically fall into two categories: Those who enjoy it, and those whose arms have to be twisted to get up and sing in public.

Wed, 08 Feb 2012 22:53:14 GMT Lawsuit seeks to block Google's privacy changes (AP)
AP - A consumer watchdog group is suing the Federal Trade Commission in an attempt to prevent Google from making sweeping changes to its privacy policies next month.

Thu, 09 Feb 2012 06:35:55 GMT Lenovo 3Q profit up by half, warns of disk supply (AP)
AP - Lenovo Group Ltd., the world's second biggest personal computer maker, said Thursday that quarterly profit grew by more than half but warned hard drive costs would remain high amid a global shortage.

Thu, 09 Feb 2012 01:32:25 GMT Just Show Me: How to check your data usage on Android 4.0 (Yahoo! News)
Yahoo! News - Welcome toÂ Just Show Me onÂ Tecca TV, where we show you tips and tricks for getting the most out of theÂ gadgets in your life. In today's episode we'll show you how to check your data usage on yourÂ Android 4.0 phone. Android …

Thu, 09 Feb 2012 01:27:02 GMT Far-out footage: Water droplets orbit a knitting needle on the International Space Station (Yahoo! News)
Yahoo! News - When NASA astronaut Dan Burbank left Earth for theÂ International Space Station as part ofÂ Expedition 30 last November, he took along some knitting needles, but not for making a space sweater. The mission's commander brought them to make a point â€” …

Thu, 09 Feb 2012 00:19:11 GMT 'Bachelor' Contestant Courtney Gets Auto-Tuned [VIDEO] (Mashable)
Mashable - Fans of The Bachelor are all too familiar with this season's over-the-top contestant Courtney, who makes snide comments at the camera and likes to take off her bikini top.

Thu, 09 Feb 2012 02:10:29 GMT ESPN falls to third in online sports site rankings (Reuters)
Reuters - Yahoo Sports remained the most popular U.S. online sports site in January, but the most eye-catching news was ESPN.com falling to third place behind FoxSports.com.

Wed, 08 Feb 2012 22:50:20 GMT McCartney to debut new songs live on iTunes stream (AP)

AP - Paul McCartney will debut the songs from his new album "Kisses on the Bottom" in a free live streaming performance on iTunes.

Thu, 09 Feb 2012 06:10:00 GMT Washington Footing the Cell Phone Bill for Millions of Low Income Americans (Time.com)
Time.com - Last year, a federal program paid out $1.6 billion to cover free cell phones and the monthly bills of 12.5 million wireless accounts

Thu, 09 Feb 2012 11:29:56 GMT Vodafone hit by weak southern Europe (Reuters)
Reuters - Vodafone, the world's largest mobile phone operator, missed quarterly revenue forecasts on Thursday as increasingly tough trading in Spain and Italy overshadowed solid performances in emerging markets and northern Europe.

Thu, 09 Feb 2012 05:21:16 GMT Analysis: Investor activists see little to "like" in Facebook (Reuters)
Reuters - A new crop of companies entering the U.S. public markets, including such high-profile offerings as Facebook, are turning the clock back on the way U.S. corporations are run.

Thu, 09 Feb 2012 03:31:41 GMT Sony abandons PlayStation Vita UMD Passport plan in North America (Digital Trends)
Digital Trends - As reported by Kotaku earlier today, Sony is ditching plans to allow new Vita owners to download PSP titles that they currently own on UMD disc. Sony rolled out this program in Japan at launch during December 2011 and allÂ Japanese owners can register their UMD titles on the Vita by paying a fee based on the value of the game, thus Japanese owners can avoid having to repurchase the titles at full cost on the PlayStation Vita digital download store. New PlayStation Vita owners in North America onÂ February 22Â will have to keep the PSP in order to access old titles or repurchase older games at full price to utilize the software on the newer handheld system.Â

Wed, 08 Feb 2012 22:35:00 GMT Update: Path now lets users opt-out of sharing contacts (Appolicious)
Appolicious - Update: Path now lets users opt-out of sharing contacts

Wed, 08 Feb 2012 23:21:28 GMT Apple's patent plea: Stop Samsung and Motorola from holding us hostage (Digital Trends)
Digital Trends - The world of patent licensing often seems like a maze of twisty little passages, all alike, but every so often the industry stumbles into a new tunnel â€” or, at least, one that seems new at first glance. Such is the case with Apple, which has asked the European Telecommunications Standards Institute (ETSI) to establish a set of basic principles governing so-called fair, reasonable, and non-discriminatory (FRAND) licensing of patented technologies included in wireless communications standards. That sentence may make many consumersâ€™ eyes glaze over, but it boils down to this: Apple wants rules saying that if a company contributes their technology to a standard, they donâ€™t get to use that technology to beat up competitors who use that standard.

Thu, 09 Feb 2012 09:13:31 GMT Operator of radical Muslim site to plead guilty (AP)
AP - A Muslim convert from Brooklyn who ran a website that posted threats against the creators of the television show "South Park" for supposedly insulting the prophet Muhammad is expected to enter a guilty plea.

Thu, 09 Feb 2012 11:49:54 GMT German court says Samsung can sell reworked tablet (Reuters)
Reuters - Samsung Electronics Co Ltd's reworked tablet PC does not look like a copycat version of the iPad, a German court said, affirming a preliminary assessment and dealing another legal blow to Apple Inc.

Wed, 08 Feb 2012 19:54:00 GMT Gameloft releases new social platform app for Android (Appolicious)
Appolicious - Mobile game maker Gameloft is responsible for some of the biggest-budget, biggest-name games on Google’s Android operating system (as well as Apple’s iOS), which is probably why it has 7 million registered players in its proprietary gaming network. Today the company released a new app that lets dedicated Gameloft fans access that network even when they’re not playing Asphalt 6 or Modern Combat.

Wed, 08 Feb 2012 20:22:33 GMT The U.S. and China: A Duel to the Debt (The Motley Fool)
The Motley Fool - In this period of "exceptional uncertainty" (to quote Federal Reserve Chairman Ben Bernanke), where can investors turn for a considered perspective on the current environment? Produced to feed the beast of the 24-hour news cycle, the bulk of financial journalism and commentary today isn't worth the servers it is stored on. One notable exception to that rule is Buttonwood, the financial markets column of The Economist. Philip Coggan is the columnist -- arguably the most influential position in financial journalism (along with the head of Lex at the Financial Times).

© 2006 - Present - iArticleBeach.com - Free Articles for Reprint. Add great content to your web site today. All Rights Reserved. Use of our service is protected by our Privacy Policy and Terms of Service