Year-end numbers give hope for cautious optimism

For the first time since the market collapsed in late 2008, sales activity and inventory in Manhattan stand at near normal levels, according to market reports compiled by Crain’s and others.

Among the highlights was a continued increase in Continue reading

Housing market predictions are all over the lot

Prices, sales, mortgage rates in 2010? No one can know.

Especially at this time of the year, you’ve undoubtedly been taking in predictions of the future of the housing market (and I’ll bet you missed the pun in the headline).

Since the forecasts vary widely and invariably are equivocal, any confusion is understandable, even if the economists themselves often are not.

Quoting CNN Money, Realtor magazine listed these prognostications among many more that are available: Continue reading