Happy new year to everyone especially to those people with great love and interest to real estate. New year for erhvervslejemål business and of course new many predictions and theories are afloat about the state of the erhvervslokaler til leje industry this year. It is not a good thought at all to base your financial decisions on any other predictions and theories that are emerging out. The shrewd move to do is to keep an eye on the trends so that you can be aware of the actions in real estate, if you are scheduling to invest or sell your home this New Year.
My own prediction of what to happen in Real Estate this year: Foreclosure record will be a lot higher. I believe this year foreclosure inventory will be a lot upper than some forecast. Last year inventory only seen the kontor til leje that banks are holding on to and homes that are still on the foreclosure procedure. We can see the real foreclosure status if silhouette inventory will be included those useless homes in the bank, homes that the borrowers have congested making payments on it.
Residential housing market will refuse in the first half of the year. If these programs that the government implemented will be ended. Programs like the "First time home buyer tax credit program" and "Federal's Fannie Freddie mortgage purchase program" that currently biased housing artificially will affect in the slowdown the residential home insist. Rising of the foreclosure inventory in the market to be usual this year, will give additional downward pressure on the inhabited home prices.
Boost in mortgage requirement requirement to likely seen this year. Due to the more lending issues and the low standards qualification necessary by the FED (Federal Housing Administration). Some borrowers get mortgages due to that relaxed standards, to be built-in were those homeowners that awarded with kontor til leje loans in spite of their in ability to pay.
Overall, buyers market will be at the similar level at the first half of this year. At the start of the second half where real estate market will commence to stabilize and start to a more unbiased point that will make the market more cordial for the home sellers. It seems to me that it takes time before we can see seller's market again.