Real Estate Market Forecast to Bottom
Destin, FL (PRWEB) April 29, 2008 -- In its most sought after forecast of all-time, Housing Predictor forecasts the bottom of real estate markets throughout the U.S. The country's real estate slump has developed into the worst housing crash since the Great Depression with falling home values in the over-whelming majority of markets.
The Housing Predictor Worst 25 housing market forecasts have been updated to reflect accelerating deflation in many housing markets. Real estate deflation is forecast to top 18% in 2008 alone in the worst housing markets, and especially hard hit markets could see home prices slashed by as much as two-thirds from the markets peak.
The forecast of when markets will hit their bottoms has taken researchers months to prepare, and profiles a wide ranging series of steps the nation will experience on the way to a return to a healthier economic environment in real estate.
Housing Predictor independently tracks more than 250 local real estate markets and forecasts appreciation and deflation for each marketplace in all 50 U.S. states, attaining an accuracy level of more than 85%. The new Housing Predictor forecast is the most heavily researched forecast under taken to determine the time table markets will take to pull out of their slumps.
Congressional efforts to stem the tide of record foreclosures are being hampered by President George W. Bush, who opposes such a plan and insists that further expansions of FHA lending programs would be tantamount to a bailout.
In the mean time, all-time record foreclosures continue to shackle the marketplace and are expected to increase over the next 16 months as more adjustable rate mortgages reset to higher payments.
Housing Predictor forecasts that a total of 5.6-million foreclosures will occur through 2011 if major government steps are not taken to halt the real estate crisis. More than 2-million foreclosures have already occurred in what has developed into a major national economic crisis.
To find the new Housing Predictor report, which projects when the real estate crisis will improve, visit http://www.housingpredictor.com
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