he next 12 months will be the nation. Pending sales of
the best time to invest in homes in Albuquerque, New Mexico,
the U.S. housing market, selected as Housing Predictor’s
according to a new report by top appreciating market in 2007
Housing Predictor. The sub-prime are rising.
loan melt down has produced a
near record level of The over supply of inventory is
foreclosures, providing the making a significant impact on
highest number of lower priced markets in California, Florida,
homes in years in a majority of Massachusetts, and Nevada among
the nation’s real estate markets. others. Investors are flocking to
many markets in these states to
make purchases of foreclosures or
Housing prices in three out of negotiate lower prices in the
four markets nationwide have conventional re-sale market. The
fallen. Some markets located in Worst 25 housing markets selected
California, Florida and Nevada by Housing Predictor is where
have seen closing prices drop consumers can get some of the
from their peak as much as 40%. best deals in today’s market
Many are still suffering the place.
after affects of the national
real estate slowdown. Starts on the construction of new
homes have declined as builders
Housing Predictor forecasts more reduce inventories and prices to
than 250 local housing markets compensate for the market place.
futures in all 50 U.S. states. Housing Predictor forecasts that
Eighteen states markets are more than two million homes will
appreciating, including Texas and be foreclosed in the U.S. in the
New Mexico, which are the next two and a half years, which
strongest appreciating states in will account for the highest
number of foreclosures since the widespread mortgage fraud slowed
U.S. Savings and Loan Fraud the majority of the nation’s
scandal in the 1980's. booming real estate markets, but
the increasing number of new
However, the majority of long investors in real estate are
time real estate investors have beginning to show that the
historically made higher profits markets are bouncing back in many
on real estate investments areas.
purchasing property when the
markets saw declines, according To read the full story on the
to the Housing Predictor Best buyers markets, check on
Investment survey, which is your markets forecast and the
available on the web site. Worst 25 housing markets visit
http://www.HousingPredictor.com
Higher interest rates and
About the Author:
Mike Colpitts is the Editor of Housing Predictor, which provides housing market forecasts in all 50 U.S. states. Check on your market at http://www.HousingPredictor.com
Read more articles by:
Mike Colpitts
Article Source: www.iSnare.com 
