Alameda, California (EastBayDaily) — Are we on the road to recovery or will the market take a double dip in 2010? There is a great deal of uncertainly going into 2010 as the unemployment rates continues to rise in many markets around the U.S.
In their latest economic forecast , Mortgage Bankers Association economists are projecting that unemployment will stay “stubbornly high for the next several years.” The MBA predicts the U.S. unemployment rate — which was 4.9 percent in the first three months of 2008, and 8.1 percent in the first quarter of 2009 — will peak at 10.3 percent in the first quarter of 2010.
In past recoveries, job growth has been fueled by home construction. But MBA economists, in their mortgage finance forecast, are projecting only a modest rebound in total housing starts. The MBA and National Association of Realtors are both projecting modest increases in median home prices next year.
The MBA is forecasting that the median price of existing homes will increase by 1.1 percent, to $173,600 from 2009 to 2010, and that the median price of new homes will grow by 0.08 percent, to $213,300.
One of the hot topics at Real Estate Connect in New York City, which runs from Jan. 13-15, 2010, will be: “What is the future of the housing market for 2010?”
The best and brightest minds in real estate attend Inman News Real Estate Connect NYC, the preeminent real estate technology conference that is held annually at New York Marriott Marquis in Times Square. More than 1,300 real estate leaders worldwide are expected to attend, as well as over 150 speakers.
For over 13 years, Inman News publisher Brad Inman has brought the most innovative minds together for three awe-inspiring days of learning and collaboration during Real Estate Connect conferences. Conference attendees can expect three jam-packed days of networking with the industry’s sharpest minds, and exposure to the very best business intelligence that will help them to rethink, reframe and recharge their business.
Housing market topics covered at Real Estate Connect NYC include: Living in the Now: How Instant and Live is Changing Your World. Pulling Back the Curtain on New York Real Estate and Sizing Up the Future of the Web. Market Gut-Check: Are we on the road to recovery, or just kidding ourselves? Leaders from Wall Street and Main Street cut through the noise. High-profile venture investors weigh-in on the startups. What do they like? What don’t they like? Will they invest? 10 Things You Must Do Now to Get Ready for the Recovery: The market’s normalizing, but you know you can’t return to pre-crash practices. Learn how to optimize your operation, your marketing and your financials for the future. How to Innovate Your Way Through Change.
Featured real estate marketing market and technology speakers include: Carter Murdoch, SVP; Realtor/Builder Relationship Manager, Strategic Business Alliances, Bank of America, North America Sean O’Toole, CEO, ForeclosureRadar.com Greg Rand, Managing Partner, Better Homes and Gardens Real Estate Rand Realty Craig Newmark, Customer Service Rep and Founder, Craigslist.org Lockhart Steele, Founder and Publisher, Curbed Nishu Sood, Research Analyst, Deutsch Bank Securities Patrick Stone, Chairman, The Stone Group Simon Baker, CEO, Classified Adventures Vanessa Fox, Entrepreneur-in-Residence, Ignition Partners; Contributing Editor at Search Engine Land; Host of Office Hours Michael Yang, Venture Partner, Comcast Interactive Capital Steve Harney, CEO, Steve Harney Inc. Mike Hickman, CEO, Seven Gables Real Estate John Reinhardt, President, Fillmore Real Estate Thaddeus Wong, Co-Founder, @properties
There has never been a more important time to talk about the future of real estate technology. To register for this one-of-a-kind event, visit http://www.inman.com/connect. Register today! Space is limited.
For additional information, please contact Madelyn Mock, Events Director at (510) 658-9252 x122
http://www.inman.com | Inman News is the leading source of independent real estate news, information, advice, research, opinion and commentary for industry professionals and consumers alike.