Housing Predictor Poll Results 2009

Poll Says Tax Credit Will Work The government tax credit to first time home buyers and expansion of the program will work to help the housing market recover, according to a new Predictor Poll. The survey found that a small majority of those polled feel the program will work to aid the housing market to stabilize. Only 57% of those polled said the tax credit backed by Congress would aid the market in its recovery. Some 43% of those who … [Read more...]

Long Haul Recovery Forecast in U.S. Housing

The U.S. housing market won't return to healthy levels of activity in the majority of the Nation's real estate markets until at least sometime in 2009, perhaps even later, according to the latest analysis of Housing Predictor. The housing market recovery will be a long haul. A series of interest rate cuts are expected by Housing Predictor by the Fed in an attempt to restimulate the housing market, halt falling prices in the majority of the … [Read more...]

Hottest 10 Real Estate Buyers Markets in 2009

The hottest buyers housing markets are places you may find comfort in the worst housing crash since at least the Great Depression. The top 10 buyers markets listed by Housing Predictor at mid-year are markets that aren't necessarily big arts and entertainment centers, mostly found in smaller communities. Amarillo, Texas takes the first position as the nation's top buyers market in 2009 with the highest likelihood of housing inflation over the … [Read more...]

Housing Predictor Poll Results 2009

Homeowners Will Walk from Mortgages Nearly 1 in 3 homeowners will walk away from their mortgages if housing prices continue to fall, according to a new survey by Housing Predictor. Findings to the online Predictor Poll were similar to a survey taken in March. Some 32% said they would walk away from their home if housing prices keep falling. The latest survey was completed Oct. 11th. A large majority who took part in the poll or 68% said … [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. Survey Says Congress Will Fail Homeowners Release date: 2/12/09 The … [Read more...]

Shadow Inventory Slides to 2009 Levels

By Mike Colpitts The inventory of homes not yet foreclosed but regarded as unsellable as they are held back from the market known as the shadow inventory has dropped to January 2009 levels, according to real estate data firm CoreLogic. California, Florida and Illinois, where foreclosures are at some of the highest levels in the U.S. account for more than a third of the shadow inventory. New York, Texas and New Jersey make up another half … [Read more...]

Will the U.S.A. Go Broke Over the Housing Bust

By Mike Colpitts As 2010 gets underway the sort of money that it will take the U.S. economy to get back on track is beginning to dawn on people. The $1.8-trillion commitment the Treasury Department is making to buy up securities and bonds from Fannie Mae and Freddie Mac is a bail-out of record proportions. Treasury's commitment is the largest bail-out of any institutions tax payers have had to endure in the current financial crisis. The two … [Read more...]

Treasury Keeps Housing on Life Support

In a massive action to keep the housing market on government life support, the Treasury Department pledged to provide unlimited financial assistance to the largest insurers of home mortgages, troubled Fannie Mae and Freddie Mac. The move, announced on Christmas Eve with members of Congress already on their way home out of Washington, D.C. for the holidays eliminates the current $400-billion emergency cap without permission of Congress. Members … [Read more...]

Markets on the Mend in Time for Christmas

By Kevin Chiu It's the season of comfort and joy, Christmas trees and Santa Claus flying down the chimney. All of us wish for World Peace. We hope for a New Year that will be better than 2009 when the World's financial system nearly blew up on Wall Street. In the face of all the dire financial news there is good news these days here from Housing Predictor. Forty-four markets are forecast to experience housing appreciation in 2010. Markets … [Read more...]

Million Dollar Housing Question

Will Markets Ever Really Recover? By John Hines Economist It's the million dollar question, and it's a heated topic of conversation after years of turmoil in the nation's housing markets -- Will housing markets ever recover? The question is talked about and debated around water coolers, business offices and even corporate board rooms and seems to have a constant flow of interest in forums on the Internet. The short answer is "Yes in … [Read more...]