Soaring unemployment and weak economic fundamentals are leading the Alabama housing market into a second down turn that is projected to pull home prices down further. Home sales have slowed after the federal tax credit for home buyers’ expired, leading to a growing series of problems for Alabama, which includes worries along the Gulf of… Continue reading 2011 Alabama Housing Market
Category: Economic Crisis
Worst Housing Markets in 2009
The downward spiral in housing markets is showing signs of improving in many areas of the country as home sales rise, but there’s no shortage of double-digit losers in the Worst 25 Housing Markets selected by Housing Predictor in 2009. Without more government assistance don’t expect much more improvement. Detroit, Michigan takes the #1 position… Continue reading Worst Housing Markets in 2009
Real Estate Appreciation in 2008
Only 3 States with Appreciation It’s getting harder and harder to find housing markets that are doing well in what has developed into a national housing depression in most places. But there are 3 states with enough markets that are appreciating to still make the Housing Predictor top appreciation list. Texas, Oklahoma and North Dakota… Continue reading Real Estate Appreciation in 2008
Hottest 10 Real Estate Buyers Markets in 2009
The hottest buyers housing markets are places you may find comfort in the worst housing crash since at least the Great Depression. The top 10 buyers markets listed by Housing Predictor at mid-year are markets that aren’t necessarily big arts and entertainment centers, mostly found in smaller communities. Amarillo, Texas takes the first position as… Continue reading Hottest 10 Real Estate Buyers Markets in 2009
Housing Crisis in U.S. Worst Since the Depression
Grab a Parachute It has exploded into the worst housing crisis since the Great Depression. Home owners with near perfect credit scores are having their homes foreclosed. The subprime crisis has taken a fast leap into the conventional mortgage market, and little is being done to bring it to a halt. The infamous frauds at… Continue reading Housing Crisis in U.S. Worst Since the Depression
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… Continue reading U.S. Economy on Brink of Depression
Long Haul Recovery Forecast in U.S. Housing
The U.S. housing market won’t return to healthy levels of activity in the majority of the Nation’s real estate markets until at least sometime in 2009, perhaps even later, according to the latest analysis of Housing Predictor. The housing market recovery will be a long haul. A series of interest rate cuts are expected by… Continue reading Long Haul Recovery Forecast in U.S. Housing
Further Federal Reserve Interest Rate Cuts Needed
Millions of American homeowners are in crisis facing the doom of foreclosure or the threat of losing their homes. Stimulating the U.S. economy and keeping inflation in check is the job of the Federal Reserve Board of Governors, and they tried to help the troubled housing markets and the greater U.S. economy by cutting the… Continue reading Further Federal Reserve Interest Rate Cuts Needed
Emergency Action by Fed Throwing Lifelines
By Mike Colpitts Stopping Bear Stearns from a total meltdown and throwing lifelines to other financial institutions, the Federal Reserve has come to the aid of financial institutions more than since the Great Depression. The only time actions taken close to this came at the peak of the U.S. Savings and Loan Fraud Crisis in… Continue reading Emergency Action by Fed Throwing Lifelines
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… Continue reading Housing Recession or Worst U.S. Economic Disaster Likely