Realtors: home prices to rise 4 percent in 2010 – Yahoo! Finance
Realtors: home prices to rise 4 percent in 2010
Realtors’ economist sees resale home values, sales rising in 2010

SAN DIEGO (AP) — Home prices are expected to grow modestly next year and sales will keep rising as the housing market continues to recover from the worst downturn since the Great Depression, the National Association of Realtors said Friday.

Home resales are projected to total 5.7 million next year, up from an estimated 5 million this year. Prices will climb about 4 percent after a projected decline of 13 percent this year, according to Lawrence Yun, chief economist for the trade association.

“Going into 2010, I anticipate that prices will also begin stabilizing or begin to modestly improve,” Yun told the audience at the association’s annual conference and expo in San Diego.

That should help ease buyers’ anxiety. “I don’t think the fear factor will be at play in 2010,” Yun said.

Thanks to Burbed reader Derek for this find!

2010 is going to rock. You heard it first. Finally, the Real Bay Area will be back to its rightful 8-15% Year Over Year appreciation.

If you’re not buying right now, you’ll be priced out forever! Really!

This isn’t that Lereah guy, this is Yun.!