Category: 2009 Housing Market

Record Deflation Forecast in 2009

Home values are falling, and in the majority of the U.S. they are dropping at an unprecedented rate of deflation. The weak economy racked by increasing job losses, growing financial turmoil and record all-time foreclosures are damaging home prices at the fastest rate in modern times. The unprecedented fall in home values has escalated, and… Continue reading Record Deflation Forecast in 2009

Rising from the Housing Mess

By Mike Colpitts Born from an economy in chaos, a new American economic system is developing these days. The old American entrepreneurial spirit still drives the U.S.A. The U.S. financial crisis spurred by the foreclosure epidemic led to the world global recession. As businesses close their doors and fail at alarmingly high rates, families lose… Continue reading Rising from the Housing Mess

America’s Newest Real Estate Boom

By John Hines Down on their luck and out of dollars the homeless are flocking to tent cities creating America’s new real estate boom, evicted from their homes by foreclosure and job losses. Hooverville era tent cities are popping up all over America, many in places that have never witnessed an explosion of this sort… Continue reading America’s Newest Real Estate Boom

Best Buyers Market Forecast

Despite the gloomy national economic outlook, the best buyers’ real estate market in at least four years will develop by late summer in most housing markets, according to the new Housing Predictor forecast. Lower interest rates will draw buyers to make purchases of homes more than in years. Increased buyer activity in housing and more… Continue reading Best Buyers Market Forecast

No Housing Bottom in Sight

There is no end in sight for the bottom of the declining housing market, despite efforts by the new Obama Administration to aid the ailing markets, according to the latest Housing Predictor forecast. Lack of a coherent plan to stem the epidemic of foreclosures has continued to erode housing values, which are falling in the… Continue reading No Housing Bottom in Sight

Condo Buyers Winning Refunds

By Chris Tyler Growing numbers of preconstruction condominium buyers caught in the credit crisis are getting their deposits refunded from Florida up the east coast to New York across the nation to California. Amid double digit declines in condo values, momentum is building in courtrooms for buyers who have waited beyond their contract deadlines for… Continue reading Condo Buyers Winning Refunds

Biggest Buyers Market Hits

As the nation struggles with an ailing economy, housing markets all over the U.S. are experiencing the biggest buyers markets in decades. The inventory of homes listed for sale by real estate agents has shrunk, but a growing inventory of foreclosures offered for sale else where is becoming larger. The real estate depression has produced… Continue reading Biggest Buyers Market Hits

Battling the Credit Crisis with a Credit Check

Battling the Credit Crisis with a Credit Check Those little numbers on your credit report are taking on a whole new life of their own. Not that your credit score hasn’t been important before, but it’s taking on a more important role since the credit crisis than ever before. Tighter mortgage lending guidelines have seen… Continue reading Battling the Credit Crisis with a Credit Check

Moving on a Budget

If you’re one of the approximately 50 million Americans moving this year, you probably don’t want to spend a fortune to get from point A to point B. With a little planning ahead, it’s possible to execute a do-it-yourself move without breaking the bank. According to the U.S. Census Bureau, about 16 percent of all… Continue reading Moving on a Budget