Word has it that the property market will start looking up early next year. This means that individuals who want to sell real estate will not be able to get a good deal, unless they are priced competitively. A little of bit of aggressive marketing will also help. If buyers, who do not have access to conventional sources of finance are given the benefit of special schemes to buy, like leasing or seller-financing, it may help boost the real estate market.

The forecast for home sales is not very bright presently. There may be a fall in prices and this situation will persist till early next year. Admittedly, the US economy is facing mild recession and this is affecting the buying power of people, which, in turn is affecting the real estate market. While the forecast is better than what was predicted a year back, it also means that this mild recession will soon spread to the other parts of the economy, slowing it down. The sub-prime crisis has compounded the problems of lenders.