Alexis McGee, a national foreclosure expert, weighs in on the prospects for the 2009 real estate market. Housing is becoming more affordable and mortgage money is cheap. It's going to be easier to qualify for a mortgage, especially when it's a conventional loan. That's going to make a home purchase possible for more people.
There's also a great deal of hope that the swelling tide of foreclosures will be brought under control. Policy makers are planning alternatives to foreclosures.
Read the prognosis here.