1. Prices will rise – Prices finally bottomed, and even climbed in 2012. They’ll go up even more in 2013, forecasters say.
2. Sales will rise – Home sales were up in 2012 – the biggest percentage gain in 14 years. Sales will climb higher in 2013, supported by low interest rates and rising consumer confidence.
3. Homebuilding will grow – 2013 homebuilding will grow to the highest level since 2007.
4. Commercial real estate remains weak – Despite falling vacancies and rising rental rates, commercial real estate isn’t expected to fully recover until 2014 or 2015.
5. Aggressive rent hikes – Apartment rents increased at large complexes over the past three years. The National Association of Realtors said apartment tenants likely will pay 4.6 percent more on average.
6. Congress will extend the Mortgage Forgiveness Debt Relief Act.
7. Inventory will rise – The type of homes for sale will change, from foreclosures and short sales to "equity" sales. Builders also are ramping up production of new homes.
8. Foreclosures will drop – "Shadow inventory" of pre-foreclosures continues to shrink, making for fewer discounted bank-owned properties.
9. Money will be cheap – Mortgage interest rates will remain close to historic lows seen throughout 2012.
10. Furniture sales grow – More home sales means more people buying furniture for their new homes. As people see home prices go up, they’re more willing to spend on their home.