Real Estate Expert Gives Advice to Homeowners
According to a recent report by the National Association of Realtors, U.S. home sales were down 16.7 percent in December – a decline larger than the 11 percent drop predicted by some economists.
The drop came as the original November deadline for first-time home buyers to take advantage of the federal $8,000 tax credit was set to expire.
With experts predicting housing prices to continue to fall, how should homeowners respond? Real estate expert Kendra Todd, host of Home and Garden Television’s “My House is Worth What?” appeared on CBN News’ Midday program to answer that question.
Click here to watch the interview: Real-Estate-Expert-Gives-Advice-to-Homeowners
HomeWhat to Expect from the 2010 Housing Market
Last month, some policymakers at the Federal Reserve were conflicted over whether to scale back or expand back a program designed to help out the housing market.
According to minutes from a December meeting, several members felt the $1.25 trillion dollar program buy mortgage backed securities should be extended to March 31.
“Generally the outlook was for gains in housing activity to continue. However, some participants still viewed the improved outlook as quite tentative and again pointed to potential sources of softness,” the minutes said.
So what exactly can Americans expect from the housing market in 2010? Real estate expert Kendra Todd, host of Home and Garden Television’s “My House is Worth What?” appeared on CBN News’ Midday program to answer that question.
Click here to watch the interview: What-to-Expect-from-the-2010-Housing-Market
*Original broadcast January 7, 2009.
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