2010 Economy

I attended a very interesting webinar yesterday. The topic was "2010 Economic Forecast". I'd like to share some of the information that I learned.
The recession ended earlier this month, but recovery will be slow and positive. Jobs are sluggish and need to be restored. This is of great importance to our local (Marinette and Menominee) economies. So many of our manufacturing jobs are dependent upon the auto industry. Until the auto industry stabilizes, our local economy will continue to suffer. Many of the jobs that have been eliminated will NOT be replaced. New technologies have eliminated many of our former jobs. Job losses will continue for another 5 or 6 months.
As far as the real estate business is concerned - interest rates are expected to rise about 1% next year. However, I have also heard a report that indicates interest rates may rise dramatically in March, 2010. The market will grow in 2010, but not by much. Prices will remain sluggish well into 2010 as distressed properties drag prices down. By mid 2010 prices are expected to rise.
So, just hang in there! Better days are ahead!!!!!