´╗┐Hello neighbors,

We are now entering into the second week of the New Year and we hope everyone is off to a prosperous start. Looking back at the previous year, there were plenty of ups and downs in the real estate market. Today we take a looks at the highs and the lows of the market of 2009.

Highs of last year's market include:

The first time Home Buyers Tax Credit enabled many to purchase their first home which had a major impact on 2009's real estate market.

Fourth quarter comes to a much stronger end than what was anticipated. Factors that contributed to this include: the confidence of buyers, decreased home prices, low interest rates and incentives, and economic improvements.

More qualified buyers surfaced in 2009 compared to previous years.

2009 marked a great beginning in regulating fraud and deception in the real estate market.

Despite major banks failing and an unprecedented number in foreclosures, the real estate market never ceased to exist.

Lows of last year's market include:

Many contracted their buying and many real estate agents started losing their faith in the market.

Lending is lower than ever. The average person can't just get a loan anymore.

Large banks are now in control of the mortgage industry which can negatively impact consumers, competition, and is bad for capitalism.

The appraisal system went haywire!