The Real Deal Miami

Top national real estate tips for 2010

December 30, 2009 04:01PM

Amir Korangy, The Real Deal’s publisher, told CNBC today that home shoppers nationwide should take their time when it comes to buying. “The number one tip for 2010 is to be patient, you don’t need to rush anything,” Korangy said. As far as mortgage rates go, while Korangy predicts they will “definitely go up in the next year,” he said they’re unlikely to rise as high as 7 or 8 percent. And while some homebuyers may be reluctant to go thumbing through data at the Bureau of Labor Statistics, Korangy said an understanding of current unemployment data in a home’s neighborhood can be helpful in predicting future prices.