With home prices having dropped a painful 21% from their 2006 peaks, property owners everywhere could use a splash of good news in their New Year's Eve cocktails. But as a nasty recession is now part of the picture, the chances of an aggressive housing-market rebound in 2009 are dim. "A lasting recovery in the housing market?" says Mike Larson, a real-estate analyst at Weiss Research. "I don't see it in the cards until the back end of the year -- if that."
Let THP and Hendricks Mortgage help find your perfect home in this challenging economy. Here's a look at the factors that will be weighing down the housing market in 2009:
1. Recession
After months of speculation, the National Bureau of Economic Research made it official in early December 2008, announcing that the U.S. economy entered into a recession in December...
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