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...]

News Releases from Housing Predictor

News Releases 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 Shows U.S. Government Not Doing Enough Release date: … [Read more...]

Major Real Estate Market Forecasts in 2009

Major Metropolitan Real Estate Market Forecasts The major 25 real estate metropolitan statistical areas are based on housing and population densities in the Greater Metropolitan areas, and are listed in order from the heaviest populated areas to the least concentrated in 2009. The Housing Predictor forecasts are issued annually at the beginning of the year and updated throughout the calendar year as market conditions and economic dynamics … [Read more...]

Real Estate Auctions

Auctions The New Boom in Real Estate Driven by falling prices in the housing market, real estate auction companies are doing a booming business, and their futures couldn't look any brighter in this downward cycle. After as much as ten years in a booming real estate market depending upon what part of the country, foreclosures have hit an all time high, and stubborn mortgage lenders are aggressively refusing to deal with borrowers financial … [Read more...]

Better Market Forecast in Housing

Housing markets will experience increasing sales in 2010 aided by the government's extension and expansion of the first time home buyers federal tax credit, and more government-backed lending assistance, according to the new Housing Predictor national forecast for 2010. Markets will improve in most of the U.S. with average housing deflation forecast at 8.7% nationally. The figure represents the lowest amount of deflation on an annual basis in … [Read more...]

National Real Estate Prices Forecast to Deflate Further

Scrambling to find a bottom, the U.S. real estate market is falling further and further in most areas of the country. Home prices nationally will deflate an average of more than 8% in 2008, according to the Housing Predictor forecast. The real estate crisis, triggered by an over supply of new creative financing programs and a record level of mortgage fraud is deflating at the fastest clip since at least the Great Depression in an over-whelming … [Read more...]

Foreclosure Sales Explode

Sales of foreclosed homes are exploding amid the housing downturn as banks price properties at prices to get them off the books quickly. The surplus of foreclosed properties is at all-time high and the troubled lending industry is cutting prices to where they have to be in order to attract buyers. The homes are attracting bargain hunters from coast to coast. In Phoenix, Arizona a single family home that was sold just two years ago for $190,000 … [Read more...]

2010 Georgia Housing Market

Home sales are sliding in Georgia and foreclosures are climbing as markets are hampered by high unemployment, despite some of the lowest mortgage rates in history. But the housing market poses the best buyers market in more than a decade for those looking to get into a home. Despite rising home sales prompted by the federal home buyers’ tax credit in the early part of the year, values on homes are deteriorating mainly because of the … [Read more...]

Navigating the New Year

By Brad Risen Economist Happy New Year! It's 2009, the year that America will go head to head with the U.S. economy like no other since the Great Depression. So enjoy your New Year's punch now. You'll need it! I have never been a pessimist. I grew up thinking and being the serial optimist. But the World has changed and things are going to be rough in 2009. Millions of Americans will lose their jobs. Millions more will lose their homes. … [Read more...]

Vanilla Ice Rapper to Real Estate

In this day and age when winning celebrity stardom seems to mean instant riches Vanilla Ice isn't the new kid on the block. In fact, at the age of 43 he’s one of the oldest in the rap music business. But the white rapper is launching his own real estate advice website. Ice isn’t frozen when it comes to knowing about the home remodeling business. The rapper, whose real name is Robert Van Winkle started a home remodeling program in 2009 on the … [Read more...]