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...]

Top 25 Forecast Housing Markets in 2009

Editor's Note: The Annual Top 25 Housing Market Forecasts may be accessed for 2010 by clicking on the "Best 25 Markets" on the menu on the left.     Fewer housing markets are forecast to appreciate making the Housing Predictor Top 25 market list for the year as job layoffs and business failures throw the national economy into a deepening recession. There are now eight markets forecast to experience housing inflation in … [Read more...]

Real Estate Investment Pays Off Over Years

Investment real estate has made more millionaires in America than any other form of investing, a survey by Housing Predictor shows. Millions are made in investment real estate. The majority of the wealthiest families in the Nation have made their fortunes investing in real estate. Many start out investing in simple single family homes, parlay the profits into a duplex or other forms of real estate and discover wealth in investment real … [Read more...]

Weak U.S. Dollar Gives Foreign Buyers Edge

By Robert Jones With real estate prices in most U.S. cities heading south, many would-be sellers are looking south for their salvation. They're also looking north, east, and west – any place, where there might be buyers with wads of currency that isn't colored green. The weak dollar may be emboldening foreigners to buy in this country, despite the bad real estate news that has found its way into every international news source. Foreign … [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...]

Home Mortgages and Refinancing

Mortgage rates have been on their way down after the Fed cut the prime rate to near historic lows in an effort to help stabilize the economy. More than 5-million homeowners are facing re-adjustments in their adjustable rate mortgages nationally in 2009 and 2010, and the drop in home borrowing rates will provide the difference for many homeowners between being able to refinance their mortgages. Rates on conventional 30-year mortgages now hover … [Read more...]

Is Now the Right Time to Buy a Condo?

Is it Really Time to Buy a Condo? By Robert Jones Inventories are rising, prices are falling, investors are bailing out, and developers are getting desperate. For someone with a little extra cash, this may look like the perfect time to buy a new-construction condo. After all, you’re getting a brand-new building with slick finishes and great amenities at a fraction of what it would have cost a year or so ago. Seems like a no-brainer, … [Read more...]

HAMP Revamps Underwater Refinancing Program

By Kevin Chiu The U.S. government’s giant lenders, Freddie Mac and Fannie Mae have revamped the Home Affordable Modification Program (HAMP) to make it easier for more underwater homeowners to refinance mortgages. The government sponsored enterprises, under the direction of the Federal Housing Finance Agency detailed the changes Tuesday evening. The program is intended to allow underwater homeowners to refinance at lower interest rates, but … [Read more...]

Major Metropolitan Market Forecasts in 2011

The annual metropolitan forecasts housing markets in the top 25 Greater Metropolitan Statistical areas in the U.S., and include housing and population densities. The forecasts are listed in order from the most populated major U.S. city to the least. Housing Predictor forecasts are issued in January of the New Year and updated as local market conditions change throughout the year in the more than 230 markets forecast. Some 20 factors are … [Read more...]

2011 Arkansas Housing Market

Arkansas has one of the strongest economies with one of the best employment rates in the nation, which is propelling its housing markets to improving conditions much sooner than most of the U.S. Home sales haven’t been setting any records, but near record low mortgage rates have kept most markets active with homeowners who are able wait out the rest of the downturn. A recovery should be underway sometime in 2011. Arkansas has been impacted … [Read more...]