(Source: Wall Street Journal)
The housing market, which brought the economy to its knees in 2008, struggled to recover in 2009. The modest gains of the past year can be credited in many ways to federal support that will be removed at some point in 2010.
That makes for an uncertain outlook for the year ahead, one filled with questions about what policymakers will choose to do and how markets will react to those decisions. “The can has been kicked down the road,” says Ivy Zelman, chief executive of Zelman & Associates, a housing-research firm.
Here’s our list of five big issues to keep an eye on in 2010:
1. Mortgage rates:
2. Fannie, Freddie and the FHA
3. Loan modifications
4. More loan resets
5. Tax credit and home sales
Check out the full list in “Five Key Housing Issues to Watch in 2010” Wall Street Journal (January 1, 2009).