Local realtor forecasts housing market in 2010

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By Christine Rumleskie

 

One Fort St. John realtor has high hopes for the City’s housing market in 2010.

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Trevor Bolin discussed the topic on Moose FM’s Issues and Answers on Wednesday morning.

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He says while the market is slowly growing, homes are selling at a reliable rate.

Bolin explains that on average, a home is taking around 67 days to sell, which he says is a lot faster than it was in 2009.

And he says apartments are another hot commodity. He adds the economy will play a vital role in rental availability.

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Bolin says Fort St. John has undergone a miraculous recovery, considering it was the last area hit by the recession.

He also predicts mortgage prices will increase, but at a sustainable rate.

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