ore than half of the buyers paying full price for some
nation’s housing markets properties. New Mexico markets
are appreciating or have are experiencing similar results.
at least stabilized, according to
the latest national assessment The sub-prime loan problem has
conducted by Housing Predictor, led to the nation’s second
an independent information driven all-time high level of
web site, which forecasts housing foreclosures behind the U.S.
markets in more than 250 markets Savings and Loan Fraud Crisis in
in all 50 U.S. states. the late 1980's. But eager
investors are beginning to make a
Some 56% of the nation's markets dent in the foreclosure market
are appreciating or have buying many properties for lower
stabilized. Improving markets are prices. Housing Predictor expects
scattered from the east coast to foreclosures to continue to
the south and include the Pacific increase throughout the remainder
north-west. Most are experiencing of the year, and level off toward
higher sales volume than in 2006 the end of 2007 as more investors
due to lower prices. At least 18 purchase properties.
states have housing markets with
appreciation, including The sub-prime problem has quietly
Washington and Oregon. already spread into the
conventional lending market,
Texas, which had lagged behind which lowered mortgage borrowers
much of the nation in qualifying standards with a
appreciation during the national variety of aggressive exotic loan
boom has seen its markets take a programs. However, economic
direct turn around. Houston, forecasts indicate the damage in
Dallas, Austin and other markets the conventional lending markets
in Texas are even reporting should be limited.
inflationary pressures on the
Raw undeveloped land, however, Federal Reserve Board to cut
and newly developed subdivision interest rates in order to
lots in many areas of the country stave-off an economic crisis,
are expected to be the next Housing Predictor now expects the
casualty of the growing sub-prime Fed to cut interest rates before
problem. Foreclosures of the end of 2007 to help the U.S.
subdivision lots are forecast to housing market avert a worsening
increase through the year, but national real estate slow down.
economists are unsure of what the After 17 rate increases the Fed
impact will be on the national has left the prime lending rate
real estate market. unchanged for more than a half
year.
However, with the increasing
About the Author:
Mike Colpitts is the Editor of Housing Predictor, which provides more than 250 local housing market forecasts in all 50 states. To see more details on how the "Worst May Be Over in National Housing Market Slowdown," and check your local markets forecast visit http://www.housingpredictor.com
Read more articles by:
Mike Colpitts
Article Source: www.iSnare.com 
