Archives for April 2009

Tracking the Housing Recovery

By Mike Colpitts Editor America has a history of working in emergency mode, and damage control has been the government's biggest over hang. Hearing government officials talk it's as if we didn't know an economic calamity triggered by the housing crisis had been developing for years until just a few months ago. Now with the foreclosure epidemic cities from Cleveland, Ohio to St. Louis, Missouri in the mid-west down to Florida and all the … [Read more...]

How to Buy a Home in the New Economy

By John Hines So you've searched the Internet day and night -- Looked at hundreds of homes for sale --- Filled out the forms at the bank to get pre-qualified only to find out that they won't give you a mortgage. Perhaps your credit score isn't high enough to fit into the underwriter's new higher standards. They tell you to check back with them in a month or two "when things might change." Disappointed and disgusted you give up the idea of … [Read more...]

Steering out of this Messy Economic Place

By Mike Colpitts Editor As America makes inroads to get out of this messy economic place – whether it be a deepening economic recession or an economy in depression, Housing Predictor takes a new road offering all the insight we can to help steer us out of this mess. Technically, whether we face another economic depression or a longer lasting recession is not of immediate concern. Analysts realize that we are at least in the worst economic … [Read more...]

Housing Rebound Forecast

After nearly a four year slowdown in home sales in the hardest hit areas of the country some housing markets are in for a rebound, according to a new Housing Predictor forecast. The rally will be evident by late summer. Near historic low mortgage rates, pent up buyer demand and even improving consumer confidence in real estate values attribute to the change for markets in the west, south-west and southern states. It's a rebound of epic … [Read more...]

Record Deflation Forecast in 2009

Home values are falling, and in the majority of the U.S. they are dropping at an unprecedented rate of deflation. The weak economy racked by increasing job losses, growing financial turmoil and record all-time foreclosures are damaging home prices at the fastest rate in modern times. The unprecedented fall in home values has escalated, and is now forecast to deflate average home values 14.5% in 2009 up nearly two full percentage points from … [Read more...]

Rising from the Housing Mess

By Mike Colpitts Born from an economy in chaos, a new American economic system is developing these days. The old American entrepreneurial spirit still drives the U.S.A. The U.S. financial crisis spurred by the foreclosure epidemic led to the world global recession. As businesses close their doors and fail at alarmingly high rates, families lose homes in unprecedented numbers and the bankers get bailed out, in some places a resurgence is … [Read more...]