Crystal ball time: 2012 housing predictions from the Int’l Business Times

Ten things to watch for, says the paper:

  1. 2011 saw record low interest rates and high affordability, but sales will likely remain weak
  2. Price drops seen through 2011 will continue
  3. Rentals rebounded in 2011 and will drive development in 2012
  4. Market disparity between, and within, regions will continue
  5. Foreclosure rates rising again, expected to jump in 2012
  6. Signs of life seen in housing construction but no true recovery yet
  7. Lawsuits, lawsuits and more lawsuits to come
  8. Government attempts to wind down Fannie and Freddie, but no concrete plan likely until
  9. Bailout possible for FHA if housing prices continue slide
  10. Global economic uncertainty prompts potential homebuyers to wait

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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