[olecapt]

A proper poll. I think an interesting idea. But let us all be accountable for our views.

Based on the overall market as reported on the GLVAR web site December 2009 versus December 2010.

Have fun

[Kalbo]

I vote up about 5%.

[yellowsnow]

I voted neutral. I think the rest of the economy and the job situation will have to improve a little to nudge up the RE market.

[PinkString]

As you can see, I picked "How would I know?"

[JohnG72]

My only caveat is that prices may continue to be floated by bubble-esque government props or possible forgiveness of underwater amounts. If either of those scenarios occur, prices will remain stable or slightly increase. Otherwise, drop of 5%+ is in the cards.

[ClarkGrisowld]

Hmmmm....Tough call. It does seem to have bottomed, but aren't we seeing an uptick in REO's and the higher tiers are falling still?

I'm was going to vote up 5%, but I think it's on shaky ground and will be offset by some other economic factors. Why? Expiration of tax breaks should theoretically decrease value. When interest rates start inevitably rising (which they should soon, to avoid another bubble because the punch bowl was left out too long), that theoretically decreases value.

Think that every 25bp rise in interest rates is equivalent approximately a negative 3% impact on prices - ok, let's call it 2% after tax.

[DavieJ89]

Originally Posted by PinkString

As you can see, I picked "How would I know?"

ditto

[gtbguy]

I voted down a little. I think we haven't seen the bottom quite yet. I do believe it will hit bottom during 2010.

[ruready1st]

I think it will be neutral. Condos will go lower and single famly will increase very very little, so in the end it will all even out.

[dano]

I voted neutral; increasing demand with a contracting supply will be dampend by increasing mortgage rates.