Archives for January, 2009

2009 Real Estate Forecast: Troubles Spread by Prashant Gopal (BusinessWeek).

An interesting article. Highlights include:

• Wealthier neighborhoods that avoided subprimes may be hurt this upcoming year.
• Already hurt markets (like Las Vegas and California) shouldn’t slide as much as before because they’ve already fallen so much.
• Unemployment will make more of an impact, especially in Texas (energy sector) and Charlotte, NC (financial sector).
• Some places (DC, San Diego, Boston, and Orange County) might start to recover due to people picking up low prices.