Thinking about the economy in 2011? Who isn’t these days?
Local economist, Matthew Gardner presented his predictions for next year’s economy and the real estate market.
Here are a few of his predictions for 2011:
Economic growth will remain slow, particularly for the first half of the year.
An “easing” in the economy should been seen as the year progresses, helping to restore some consumer confidence.
The unemployment rate will drop some, but improvement will be slow.
A 5% decline in home prices across U.S.
Inflation will be minimal, benefiting home buyers.
Interest rates should go higher, but still remain on the lower side.
What do you see happening in your area?
Hope your 2011 will be looking up!