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.
Worst Housing Markets in 2010
Release date: 12/28/09
The annual Worst 25 Housing Market Forecasts for 2010 have been released by Housing Predictor, which forecasts 250 local housing markets in all 50 states. The worst market forecasts are issued annually and updated throughout the year as changing market conditions demand.
Markets in sixteen states made the list, demonstrating how widespread the housing downturn has become as a result of the financial crisis. The worst markets have the highest probability of hitting their forecast from all the markets the online real estate research company issues.
Despite the fall out of the credit crisis, however, there are housing markets that are projected to appreciate in Housing Predictor’s annual Best 25 markets as the nation starts on its road to recovery from the worst economy since the Great Depression in 2010.
New York, Nevada, Arizona, California, Rhode Island, Illinois, Connecticut, Hawaii, Virginia, Maryland, New York, Virginia, South Carolina and Oregon markets are projected to experience some of the worst housing deflation in the New Year.
The epidemic of foreclosures is projected to worsen in 2010 as a new round of foreclosures sweeps the nation triggered by bank servicing companies ramping up efforts to recover banking losses. A high number of markets will sustain double-digit deflation as a result.
Many of the nation’s largest banks, mortgage companies, retail outlets and real estate firms consult Housing Predictor, the first real estate research firm to forecast the foreclosure epidemic and the national housing depression. Check your market forecast, the worst 25 markets, real estate news and analysis on the housing market at http://housingpredictor.com
Best Housing Market Forecasts in 2010
Release date: 12/21/09
Housing markets in a dozen states are forecast to appreciate in the annual Housing Predictor Best 25 Market Forecasts in 2010, demonstrating an improving trend is developing in many markets scattered throughout the U.S.
Markets in Ohio are strongly forecast to rebound even in the midst of the worst economy since the Great Depression. Home prices have dropped to levels in many areas of Ohio that forced buyers off the fence and into new homes. The trend should gain momentum with the government’s expansion of the federal tax credit.
Cities in Nebraska, Texas, West Virginia, South Dakota, Michigan, Pennsylvania, Louisiana, North Dakota, Delaware, Alaska and Virginia have also been named to the list.
Housing Predictor forecasts more than 250 local housing markets in all 50 states, selecting the best 25 markets annually, and updates predictions throughout the year as local market conditions demand. The Best 25 Markets have the highest probability of appreciation of all markets forecast for 2010.
Forecast housing inflation in 12 states is evidence that housing markets are local in nature, despite the severe impact of the banking industry and Wall Street manipulation on real estate financing to achieve record profits. The Housing Predictor Best 25 Market Forecasts are a leading resource for real estate buyers, homeowners, investors and real estate professionals.
To see the Best 25 Market Forecast, check your market forecast and search foreclosures visit http://housingpredictor.com
Housing Predictor Releasing Annual Forecasts
Release date: 12/7/09
Housing Predictor, the online real estate forecasting company, is releasing its annual housing market forecasts for 2010. The forecasts are rolling out state by state for more than 250 local housing markets in all 50 U.S. states and are available to all online visitors.
Housing markets are reeling from the financial crisis, which got its start from bad mortgages made by bankers. Many markets are still declining in value but there are cities forecast to appreciate in 2010. The foreclosure epidemic, which is hitting 10 states especially hard, is projected to worsen over the coming year. The epidemic has also produced a bargain buyers market, which hasn’t been seen in decades.
Forecasts are issued annually and updated throughout the year as local market conditions change. Leading real estate companies, new home builders, Wall Street bankers, investors, home owners and many of the country’s largest retailers depend on Housing Predictor forecasts.
Housing Predictor forecasted the foreclosure epidemic and the real estate crisis and regularly conducts Predictor Polls to gauge the pulse of consumers on issues related to real estate and offers real estate news and analysis.
Check your market forecast, search foreclosures and get the latest real estate news at http://housingpredictor.com
Opinion Poll Says Tax Credit Will Work
Release date: 12/4/09
The government tax credit to first time home buyers and expansion of the program will work to help the housing market recover, according to a new Housing Predictor opinion poll. The survey found that by a small majority the program will work to aid the housing market to stabilize.
Only 57% of those polled said the tax credit backed by Congress would aid markets to recover from the nationwide downturn. The other 43% said it would not be of help to the market. The narrow findings may also represent that many people are disillusioned with the process to repair housing markets with increased political involvement. The online survey was taken over a three week period ending December 1st.
Congress recently approved an extension of the first time home buyers credit and expanded the program to move-up buyers, who have not purchased a home in five years. The National Association of Realtors credits the first time home buyers credit with nearly 2-million home purchases through the end of 2009.
Banks, mortgage companies, retail and real estate firms consult Housing Predictor forecasts. The company was the first real estate research firm to forecast the foreclosure epidemic and the housing depression. Housing Predictor forecasts more than 250 local real estate markets in all 50 states and offers real estate news and analysis on the housing market at http://housingpredictor.com
* For previous Housing Predictor news releases see our archived page.