According to an article from CNBC.com, the housing slump may still get worse before it gets better. The tax credit offered to new homeowners in 2009 did not have the skyrocketing effect on home sales that economists had hoped for. Therefore, they assume that the extended credit and the new credit offered to current homeowners will also not have a significant impact on the housing market. One economist, talking about the tax credit, is quoted as saying, “Most of it is simply shifting sales from one period to another. It doesn’t get rid of the fundamental problem.”

The hypothesis for 2010 is that sales will slightly increase in the first quarter of the year and then fall to a steady number of around 4.75 million for the quarters thereafter.

One thing is certain. The economy is not picking up the way that economists had predicted, or the way that it had in historic data. However, optimists are always present. The NAR forecasts that house prices will rise 4 percent in 2010, and that record-low interest rates will keep making home affordability high.

Many experts agree the job market and the unemployment rate will affect the housing market’s success. With the unemployment rate continuing to rise, it’s hard to decipher how that will play out in 2010.

To read the article in its entirety, click here.

So what should you do if you’re looking to sell your home in 2010? Don’t let these presumptions scare you. Nothing is set in stone, interest rates are low, people are still starting families and relocating for jobs and homes will always sell. Buy Owner will do everything in its power to help you through the process.

And what should you do if you’re looking to buy a home in 2010? The options are abundant, the prices are low, and the available tax credit offers you even more financial help. Buy now and do yourself and the economy a favor!

Browse through thousands of listings when you visit www.BuyOwner.com.