News Releases from Housing Predictor

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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.

Poll Shows Little Confidence in Housing Recovery

Date Released: 03/22/2010

Nearly two out of three people are not optimistic about the U.S. housing market recovering from its worst crash since the Great Depression, according to a new opinion poll.

The survey indicates Americans still lack confidence in government programs intended to improve market conditions. Get the full details on the latest opinion poll at Housing Predictor dot com. The Obama administration has spent nearly $2-trillion in efforts to repair damage done to the nation’s housing market by Wall Street bankers manipulative practices and banking gone wild.

However, efforts so far have had little impact to stem the flood of foreclosures that have hit record numbers for nearly two years. The foreclosure epidemic has affected more than 5-million homeowners, who have lost their homes as a result of the crisis as the government bails out big bankers blamed for causing the crisis. Another 15-million homeowners may be affected before the crisis comes to an end.

However, housing prices in some of the worst hit markets, including areas in California, Nevada and Florida have seen an upward swing as a result of government incentives, low mortgage rates and lower home prices from the markets peak.

Consumers, business owners, retail companies, bankers, mortgage companies and real estate firms consult Housing Predictor forecasts. Housing Predictor provides free real estate news and forecasts housing markets in all 50 states at https://www.housingpredictor.com

Millions of Homeowners May Receive Aid

Date Released: 03/10/2010

Millions of American homeowners at risk of losing their homes may receive relief aid, according to a new report citing Obama administration officials by Housing Predictor.

The report comes as more and more homeowners are at risk of losing their homes to foreclosure after an estimated 5-million mortgage holders have been foreclosed. As unemployment in many areas of the country climbs, another 15-million mortgage holders are at risk of losing their homes in the worst foreclosure crisis in U.S. history. Visit Housing Predictor, which first forecast the crisis to get the latest details.

Rising foreclosures are hurting home values in the majority of the country even as some markets see slight increases in prices, but much of the housing inflation is due to government incentives and government backed purchasing of mortgage-backed securities. The crisis started in the subprime mortgage lending market and quickly spread to every corner of the mortgage business. One in five homeowners may soon be at risk of losing their homes.

Consumers, business owners, retail companies, bankers, mortgage companies and real estate firms consult Housing Predictor forecasts. Housing Predictor provides free real estate news and forecasts housing markets in all 50 states at https://www.housingpredictor.com

U.S. Home Prices Lower in 2010

Date Released: 03/02/2010

Severe headwinds, including high unemployment, rising foreclosures, a tight mortgage market and expiring government programs are forecast to send home prices in the majority of U.S. markets lower in 2010, according to the national U.S. Housing Predictor forecast.

The average price of a home is forecast to deflate 8.5% for the year. The first time home buyers’ tax incentive and an expansion of the government program to move-up buyers will usher in a higher volume of sales, but little real pricing recovery is projected for the year. The excess inventory of homes for sale and a shadow inventory of at least 2.8-million housing units will pressure markets.

The U.S. home price assessment was determined after a lengthy review of data gathered in the majority of housing markets. Failures by Congress and the White House to proactively work to rein in the excesses on Wall Street and a tight mortgage market make it unlikely for markets to unwind from the collapse in housing, and may prolong the downturn a number of years.

Rising foreclosures are damaging housing values in the majority of the country even as some markets see slight increases in home prices, but much of the housing inflation is due to government incentives and government purchasing of mortgage-backed securities. When government programs are halted, Housing Predictor analysts project housing markets will turn sluggish.

Consumers, business owners, retail companies, bankers, mortgage companies and real estate firms consult Housing Predictor forecasts. Housing Predictor provides free real estate forecasts for markets in all 50 states, real estate news and analysis on the housing market at https://www.housingpredictor.com

* For previous Housing Predictor news releases see our archived page.