The 2010 market: sunny or stagnant?

If the average rate of a 30-year fixed-rate mortgage rises to 6 percent by the end of 2010, how will the market react? The National Association of Realtors is calling for increased sales volume and slightly higher home values, due in part to the extension of federal tax credits, but Matt Garrison of Coldwell Banker and CondoShark.com isn’t so sure. Matt went on CNBC yesterday and more than once questioned the predictions of NAR Chief Economist Lawrence Yun. Click “play” to hear what both have to say about the coming year.

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