Stability in housing markets in 2010, says survey
Wednesday, December 23, 2009

Predictions of a second collapse of the housing market are exaggerated, according to the October 2009 RPX Monthly Housing Market Report released by Radar Logic Incorporated. Radar Logic argues that housing demand is currently strong, with home sales outperforming historical trends for this time of year, and low home prices will keep demand strong in 2010. Government incentives will continue to support demand well into next year. After unemployment peaks, perhaps in the second or third quarter, increased stability in household incomes will provide further support to housing demand.