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Maryann Spence's Blog

By MaryAnn Spence | Agent in Fort Myers, FL

Home Sales Seen Improving in 2011

Foreclosure issues are expected to keep home sales subdued in the final quarter of 2010 according to Fannie Mae’s Economics & Mortgage Market Analysis Group, but the group expects to see a gradual improvement in 2011. "For all of 2010, total home sales are projected to decline by about 8 percent from 2009, marking the bottom of annual total home sales in this cycle," said Fannie Mae Chief Economist Doug Duncan. "We expect home sales to increase by about 3 percent in 2011.  However, the pace of recovery will largely be determined by labor conditions. If hiring improves at a faster pace than expected, home sales will likely see a stronger gain in 2011 and vice versa."

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MaryAnn Spence
Phone:  239-910-0958
Website:  www.FortMyersCapeCoralRealEstate.com   
Email:   maryannspence@comcast.net

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