2009. Wow! What a year it has been.  The housing market in the first half was struggling to get back on its feet.  The stock market was up and down. Mostly down. Terrorist activity still active in various parts of the world.  Pirates still hijacking freighters for ransom. Even under the watchful eye of several naval vessels from various countries.  It is quite embarrassing for the few countries of power to have a few pirates take a ship over when their navy is guarding those ships closely for hijacking activity. 

President Obama ended his first term on a high note. We have seen passage in the Senate and resent to the House of a healthcare bill that will overhaul the current system.  This will give way for those, who cannot afford health insurance and on public assistance.  It will benefit the seniors,and those that are just barely making minimum wage.

Back to the housing industry.  In the last quarter of 2009 housing sales were up compared to a year ago. This is due in part interest rates were historically low and the stimulus plan the Obama administration put in place for first time homebuyers.  The second part of the housing stimulus package will now include current homeowners who are looking to move.  They will be able to claim $6,500 credit on their tax returns in 2011.  First time homebuyers will still be able to get $8,000. 

Foreclosures will be slightly down this year in 2010. Lenders are trying to appease the Obama administration for helping those that are struggling to pay their mortgage with lower payments.  So far these lenders are behind in the goals the Obama administration has set. 

We are going to see an increase in refinances this year.  People's expectations for the new year is on a high note. 

So, instead of just sitting around waiting to see what will happen in 2010, get a pen and paper or go into Word on your computer and write out your goals or resolutions for 2010.  After you have completed writing your goals or resolutions email them to everyone you know. Therefore, those that have your goals or resolutions will help you stay on track.  Let's finish 2011 stronger than 2010 and have a prosperous and successful 2010. 

Next week's blog will be about housing finances.