The last week of December is always an interesting time. As we plan for the next year, we like to look back on all the important stories and events of the last year. We will gather around the television or paper and endlessly quiz each other on the multitude of Top 10 Lists that inevitably appear.
Here are what we see as the significant happenings in real estate during 2009.
1. Interest Rates remained at historic lows.
The federal government continued their strategy of buying mortgage-backed-securities thus insuring that mortgage rates would continue to hover around the 5% mark.