1. Home
  2. Home & Garden
  3. Home Buying / Selling

Top 10 Real Estate Predictions for 2009

By Elizabeth Weintraub, About.com

2 of 10

Housing Inventory Will Fall

falling home inventory

A reduction in inventory can happen in cities where unemployment rises.

© Big Stock Photo
Sellers will withhold listings from the market or cancel listings that don't sell within 90 days. Although persistent demand will come from first-time home buyers and investors, inventory will fall. Falling inventory will not drive up the prices.

The number of homes for sale in states such as California will decrease by 45% or more from the same months in 2007. New home starts will fall by the wayside, and the construction industry will see at least another 10% in layoffs.

Although fewer homes will be available for sale, those sellers will be motivated to sell.

Explore Home Buying / Selling

About.com Special Features

Home Allergy Center

Banish mess, reduce allergens, and maintain a clean, healthy home. More >

Home Improvements Made Easy

Inspirational ideas and expert tips to help you pull off your next DIY project. More >

  1. Home
  2. Home & Garden
  3. Home Buying / Selling
  4. Market Facts & Trends
  5. Real Estate Predictions
  6. 2009 Real Estate Predictions - Real Estate Forecast and Predictions for 2009

©2009 About.com, a part of The New York Times Company.

All rights reserved.