Housing Market 2011: As Rough As 2010

Looking back on 2010, the year in real estate was, in a word, terrible. Property values continued to fall, foreclosures rose, and even the lowest interest rates in 50 years seemed to have little positive effect on the property market.

For U. S. real estate, 2010 was the year of failed government intervention where nothing worked as intended. It was the year when bankers clearly threw their customers under the bus. And the only saving grace of this year from hell is that it might have been even worse.

So will 2011 finally be better for real estate? No. It will be 2012 before housing even remotely recovers.