In 2010, the housing market was hit hard as the U.S. struggled to emerge from the worst economic downturn since the Great Depression. House prices declined, there was an abundance of homes for sale, and mortgage rates dipped to lows that hadn’t been seen in decades.
Now, though, the market is still struggling, and mortgage rates on are on the rise. What can you expect in 2011?
Here are eight key factors to watch:
1. The new Consumer Financial Protection Bureau will start operating. By July 21, the struct…click below to continue reading
Related topics: homes, home financing, interest rates, mortgage, home prices