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.
Survey Says Congress Will Fail Homeowners
Release date: 2/12/09
The over-whelming majority of those surveyed say the U.S. Congress will not be able to act fast enough to help homeowners caught up in foreclosure, according to a Housing Predictor survey. The poll clearly indicates that Americans have lost confidence in Congress’ ability to resolve the financial crisis.
The root of the nation’s economic problems is the foreclosure epidemic, which Housing Predictor forecast nearly two years ago. More than 3.4-million homes have been foreclosed since the economic crisis began, and at least another 3-million properties are forecast to be foreclosed in the worst financial crisis since the Great Depression. An estimated 200,000 properties are being foreclosed monthly.
A huge 83% of those surveyed said Congress will be unable to act fast enough to help homeowners threatened with foreclosure. Housing Predictor regularly surveys visitors to its web site on issues related to real estate, and forecasts more than 250 local housing market futures in all 50 U.S. states. The remaining 17% said they believe Congress will be able to act fast enough to help homeowners faced with foreclosure.
The Obama Administration is expected to release new details on a plan to aid homeowners threatened with foreclosure, which is widely anticipated to require lenders’ to negotiate more fairly with mortgage borrowers in order to make it affordable to keep them in their homes. The credit crisis has received a series of bail-outs from Congress in an attempt to get the economy back on track.
In a survey conducted last October, 3 out of 4 respondents said Congress would fail to stabilize housing markets with bailouts of the financial system. More than $800-billion has been approved by lawmakers to help bailout the financial system. Most of the money has gone to banks in efforts to re-ignite the lending process.
While Congress debates the issues, the majority of real estate markets throughout the country are seeing home values and other real estate values fall, many at double-digit annual rates.
Housing Predictor independently forecasts more than 250 local housing markets in all 50 states, and keeps up to date on changing market conditions. Search foreclosure listings and check market forecasts at http://www.housingpredictor.com
Hottest Real Estate Markets Named in 2009
Release date: 1/25/09
Despite the worst economic conditions since the Great Depression, there are still U.S. housing markets that are forecast to appreciate in 2009, and no place shows them better than the Annual Housing Predictor Hottest 10 Buyers Markets.
The credit crisis has triggered record foreclosures damaging communities across the nation as Housing Predictor forecast, but there are markets that will be the exception to the rule. Eight states are represented on the hottest list, including three markets in Texas. There won’t be the double-digit appreciation experienced during the real estate boom in 2009, but these markets are supported by exceptionally strong local economies with good prospects for growth.
The Hottest 10 aren’t confined to any particular part of the country scattered throughout the U.S. Housing Predictor’s selection of the Hottest 10 Buyers Markets are based on studies conducted on all 250 local real estate markets Housing Predictor tracks on an on going basis.
The Hottest 10 Markets represent growing economies that aren’t widely reported in the mass media. In some cases, the markets won’t appreciate quickly in 2009 but possess plenty of indicators to show that there housing markets will remain strong over the next few years, despite the down fall in the national economy.
Diverse areas of the country are listed in the hottest markets, including places in Wyoming, Mississippi, North Dakota, South Dakota, Utah, Louisiana and Idaho. The boom in the energy and high tech growth are aiding areas with stronger job growth in most of the markets named.
Housing Predictor is consulted by the nation’s foremost investment houses, banks, mortgage companies, real estate firms and most importantly consumers for more than 250 local housing market forecasts in all 50 states. Forecasts are updated regularly and changed as local market conditions demand over the entire year.
To see the entire list of the Hottest 10 Buyers Markets, check your market and search foreclosures visit http://www.housingpredictor.com
Major Real Estate Market Forecasts Announced
Release date: 1/5/09
Housing Predictor announces annual real estate market forecasts for the top 25 metropolitan housing markets in the U.S. The online real estate research firm forecasts more than 250 local housing markets in all 50 states, including the top 25 major markets based on population density.
The major metropolitan forecasts are derived from all the forecasts the company issues.
Consumers, mortgage companies, leading bankers, Wall Street firms, real estate agents, appraisers and many of the nation’s top companies consult Housing Predictor for forecasts, which are updated throughout the year as local market conditions change. Housing Predictor dot com forecasts are considered to be among the most dependable in the industry.
All 50 states forecasts for 2009 have been added to the Housing Predictor web site along with profiles on market conditions detailing what the future holds for market places in the New Year. Housing Predictor analysts are constantly on the hunt for new information on real estate markets they monitor to keep real estate owners, buyers and investors up to date on their market place.
Housing Predictor forecasted the national real estate recession in 2007 and was the first research firm to forecast the foreclosure epidemic, which has rocked the national economy.
As real estate markets continue their turbulence in 2009 and the second round of adjustable rate mortgages reset, foreclosures are projected to rise nationally. Housing Predictor will also be issuing an extension to its foreclosure forecast after the Obama Administration is sworn into office in Washington, D.C. More than 3.3-million homes have already been foreclosed as a result of the credit crisis and fallout from the deteriorating real estate market.
To check your market’s forecast, search foreclosures and get the latest real estate news visit http://www.housingpredictor.com
Best and Worst Real Estate Markets in 2009
Release date: 12/30/08
The annual best and worst housing market forecasts for 2009 have been released by Housing Predictor dot com, which forecasts more than 250 local real estate markets in all 50 U.S. states. The Top 25 Markets and the Worst 25 Market forecasts are issued annually and updated throughout the year as local market conditions change.
The best and worst markets have the highest probability of hitting their forecast appreciation and deflation from all the forecasts the research company issues. Nearly two years ago, long before the credit crisis became daily headline news Housing Predictor analysts forecasted the foreclosure epidemic and the real estate depression.
Despite the fall out of the credit crisis, however, there are housing markets that are projected to be exceptions in the worst economy since the Great Depression in 2009, illustrating the fact that real estate markets are normally driven by local market dynamics.
North Dakota, Montana and Colorado all have markets forecast to appreciate in 2009 that made the Housing Predictor Top 25 market list. A total of seventeen housing markets scattered throughout the country are forecast to appreciate during the year.
The national epidemic of foreclosures has topped 3.3-million homes and is projected to worsen in 2009 as the second round of Alternative A Option adjustable rate mortgages reset. More than 3-million ALT A mortgages will reset in 2009 alone. As a result, a high number of housing markets will sustain double-digit housing deflation as Congress and the new White House Administration of President-elect Barack Obama try to come up with solutions to aid the nation’s ailing economy.
Markets in more than three dozen states are projected to sustain double-digit housing deflation, including California, Florida, Michigan, Hawaii, Massachusetts, Arizona, Nevada, New York, Connecticut, Delaware, South Carolina, New Mexico and Georgia.
The troubled auto industry is impacting markets in the mid-west, triggering more foreclosures, including Indiana and Ohio.
Check your market forecast, search foreclosures and keep up with other real estate news at http://www.housingpredictor.com
* For previous Housing Predictor news releases see our archived page.