U.S. Real Estate Market Rebound

Recovery Forecast Not Until 2011 The U.S. real estate market will take at least three years to recover from its massive slump and it won’t fully rebound from the mortgage mess until at least some time in 2011, Housing Predictor forecasts. Housing Predictor analysts forecast the overall U.S. economy will suffer from a recession as a result of the crisis, which they expect to become evident in the nation’s overall economy by the third or … [Read more...]

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...]

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...]

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...]

Housing Predictor Opinion Poll Results

Huge Majority Want Government to Stay Out of Foreclosure Crisis Despite the strong likelihood that it would develop a full-fledged economic depression, more than 3 out of 4 polled say they want the U.S. government to stop interfering with the foreclosure crisis and allow it to run its course. A huge 78% of those surveyed said they want the epidemic of foreclosures sweeping the nation to run its course, despite the impact it would have on the … [Read more...]

Mortgage Flu Hits Real Estate

As home foreclosures increase daily weakening real estate markets a new world flu has struck. The subprime crisis evolved into the national housing crisis only to become the mortgage flu. Some 89 percent of people surveyed by Housing Predictor blame mortgage companies for artificially inflating the housing market by selling too many mortgages to those unable to re-pay at higher rates. Five-hundred people were surveyed for the study, which … [Read more...]

U.S. Economy on Brink of Depression

The entire U.S. economy is already in a recession, but it maybe much worse teetering on the brink of a depression driven by deteriorating real estate markets. There have been six depressions since 1837 in the U.S. There is much more damage that can result to the real estate markets and the overall American economy as a result of the credit crisis. Foreclosures reached all-time record levels in 2007 and will surpass that in 2008, according to … [Read more...]

Housing Recession or Worst U.S. Economic Disaster Likely

The nation's mortgage melt down has evolved into America's real estate crisis amid falling home prices, record foreclosures and weakening consumer confidence and threatens to produce the nation's worst economic disaster in history, a Housing Predictor study reveals. The catastrophic damage could be so widespread that the crisis could reach $600 billion in losses to home owners, Wall Street investors, mortgage companies and banks. The number … [Read more...]

Interest Deduction & Short Sale Amnesty Likely

By Mike Colpitts Amnesty on federal taxes for short sales and continuing the mortgage interest deduction are among a package of laws expected to be approved by Congress effecting more than 30-million U.S. homeowners before the end of the year. House majority leader Harry-Reid (D-NV) is being pushed by a group of senators to bring the legislation to a vote before Congress adjourns for the year. Unless lawmakers approve an extension of the … [Read more...]

U.S. Decision Adds 750,000 Foreclosures

By Kevin Chiu The decision of the Obama Administration’s chief housing czar to reject principal mortgage reductions to underwater homeowners at risk of foreclosure is another blow to the U.S. housing market, and will result in at least 750,000 additional foreclosures, according to a Housing Predictor analysis. The heated debate over forgiving mortgage principal is one of the most emotionally charged debates of our time. But the most … [Read more...]