Foreclosures Rise 18%

The epidemic of foreclosures is rising, according to newly released figures from RealtyTrac, despite a slight slowdown in activity during the month of May. Year over year foreclosures rose 18%. Foreclosure filings, including default notices, scheduled auctions and bank repossessions were reported on 321,480 properties during the month, a decrease of 6% from April. The drop apparently developed as a result of moratoriums on foreclosures by the … [Read more...]

Metropolitan Real Estate Forecasts

The top 25 largest metropolitan real estate market forecasts in the U.S are listed from the largest cities based on population density and the number of homes to the smallest. The forecasts that compile this list are taken from the 230 cities annually forecast by Housing Predictor analysts after collecting data on more than 20 factors, including recent home prices, local political influences, mortgage interest rates, home sale velocity, … [Read more...]

Next Real Estate Boom Not Till 2020

A boom in the majority of the nation's real estate markets won't develop again until at least sometime after 2020, according to the consensus of opinion of Housing Predictor analysts. The credit crunch, which was started by a fuselage of new creative financing products, including aggressive adjustable rate subprime mortgages and specially designed loans for investors will have a lingering impact on the majority of housing markets in the … [Read more...]

Housing Predictor Poll Results 2009

Survey Says Congress Will Fail in Economic Crisis An overwhelming majority of Americans believe Congress and other government policymakers will fail in their efforts to get the U.S. economy straightened out and halt the foreclosure epidemic, according to a new Predictor Poll. The online survey was completed Sunday and it found that 81% of those polled do not feel that Congress will be able to get control of the foreclosure epidemic, which … [Read more...]

Foreclosure Crisis – “I Wouldn’t Have Bought the House”

Barbara MacGregor and her husband are a lot like a lot of other people. They had never owned a home. Barbara would look through the newspaper occasionally dreaming about some day owning a home with her husband, but she new they couldn’t really afford one in high priced Southern California real estate. At the grocery store she would pick-up real estate magazines filled with home listings, and show the bright pictures to her husband, who would … [Read more...]

National Real Estate Recession Hits

Troubled by the mortgage melt down and falling home prices, the U.S. housing market has fallen into a national real estate recession, according to the latest analysis by Housing Predictor. The over-whelming majority of local real estate markets are either in housing recessions or battling to keep their economies strong enough to keep from declining. Housing Predictor forecasts more than 250 local housing markets and at least 221 are in the … [Read more...]

News Releases from Housing Predictor

News releases are posted from the newest to the oldest. The news releases posted here are for the use of news organizations, web site owners and bloggers, who want to keep their visitors up to date on the latest Housing Predictor news. They are provided here for you to copy and paste on to your online web sites and for the use of other off-line news organizations. Housing Deflation Slowing Release date: 10/20/09 Housing deflation is … [Read more...]

U.S. Real Estate Market Rebound

Recovery Forecast Not Until 2011 The U.S. real estate market will take at least three years to recover from its massive slump and it won’t fully rebound from the mortgage mess until at least some time in 2011, Housing Predictor forecasts. Housing Predictor analysts forecast the overall U.S. economy will suffer from a recession as a result of the crisis, which they expect to become evident in the nation’s overall economy by the third or … [Read more...]

Housing Predictor Poll Results 2009

Predictor Poll Results 2009 Survey Shows America Wants Claw-Backs Apparently sick and tired of the way the U.S. government is handling the economy, more than 2 out of 3 surveyed say they want Congress to institute new laws to force corporate executives to return money they received as bonuses in the financial crisis, according to the latest Housing Predictor poll. Some 67% want Congress to pass legislation requiring bankers, Corporate … [Read more...]

Foreclosures Increasing on Home Equity Losses

Home equity losses are increasing the number of foreclosures as millions of Americans are becoming upside down in their houses, and more are joining the ranks daily. Being upside down in your house can be a nightmare. More homeowners are finding themselves in this precarious position, and by growing numbers homeowners are walking away from the mortgage that just got too high to pay. Americans are showing a sort of panic in many places over … [Read more...]