4  HOUSING TRENDS IN A STILL UNCERTAIN MARKET

The roller coaster is nearly over. After a decade of extremes — the highs of the real estate boom and the devastating lows of the bust — calmer times are starting to occur in the housing market.

The huge drop off in home values, which has taken the median price of a house down almost 30% since 2006, should be in its final stages in many places. Three-quarters of the nation’s 384 metropolitan areas will see prices down less than 5% a year from now, according to projections from Fiserv and Moody’s Economy.com while 10% seem set for modest increases. Even good ol’ Uncle Sam is lending a hand with programs designed to help shore up the market.

In this quieter environment lie new challenges and opportunities for all involved. Home buyers, sellers, owners, and investors are finally not completely at the mercy of market forces: You are in control of how much you make. To come out on the positive side,  you will need to understand a few strategic trends shaping the shifting market. You should also know how to use them to your advantage.

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