he economic damage caused east coast to the west to gather
by the fall out from the it’s findings, and details the
sub-prime loan crisis is report on it’s web site. Vacation
limited, and should not cause and second home markets along
major economic damage to the with higher income areas are
nation’s housing markets or immune from the fall out,
greater U.S. economy, according researchers determined, as a
to an exclusive report by Housing result of few sub-prime
Predictor. mortgages.
Housing Predictor forecasts more Some markets in high priced
than 250 local housing markets in California are severely impacted
all 50 U.S. states and regularly by the sub-prime crisis, while
surveys markets on issues related others in the state feel little
to the nation’s housing markets. effect. Housing markets from
coast to coast are almost waiting
The toll from the sub-prime melt for the proverbial boot to drop,
down will exceed more than unsure of their markets
2-million foreclosures susceptibility to the sub-prime
nationwide. But the impact is crisis, but many markets are
limited in scope to areas that insulated from the damage.
have less healthy local
economies, where home owners have Second home and vacation markets
been forced to qualify for less are feeling the least impact,
desirable sub-prime mortgages as mainly because many second home
a result of lower credit owners pay for properties in cash
standings. or have smaller mortgages on
their properties.
Housing Predictor surveyed more
than four dozen markets from the The sub-prime melt down has been
the single largest factor conventionally, and thought the
affecting the nation’s real only way they could ever get a
estate markets since the Savings mortgage was through a sub prime
and Loan Fraud Crisis in the late mortgage. But the real estate
1980's. The Housing Predictor nation’s slow down has already
study shows many markets are leveled off in at least 18
unaffected. states, where housing markets are
appreciating. Another ten states
The nation’s real estate boom, markets have stabilized and are
which lasted more than five years showing signs of future
in some markets had a great appreciation as the markets
effect on those who could not adjust.
qualify to become a home owner
because of poor credit
About the Author:
Mike Colpitts is the Editor of Housing Predictor. To see the entire report on the sub-prime crisis, check on your markets forecast and search real estate listings visit http://www.HousingPredictor.com
Read more articles by:
Mike Colpitts
Article Source: www.iSnare.com 
