he U.S. mortgage melt down of the U.S. Savings and Loan
has produced America’s real Fraud scandal in the early
estate crisis with falling 1990’s.
home prices and record
foreclosures, and it now The real estate crisis is
threatens to produce the Nation’s beginning to broaden, moving into
worst economic disaster in markets that have not yet felt
history, according to a new the impact. But there are
report by Housing Predictor. exceptions to the slow down,
which are included in the Housing
The real estate markets rocked Predictor forecasts. Ten state’s
for years with double digit markets remain strong enough to
appreciation or near double digit be considered as overall
appreciation in many areas of the appreciating by Housing Predictor
country only to come slamming analysts.
down. Some markets have dropped
as much as 40% from their record Housing Predictor forecasts more
highs. than 250 local housing markets
futures in all 50 states and
The crisis has worsened amid provides thorough analysis on the
souring buyer sentiment, fearing fall out from the mortgage
prices will fall further. More crisis.
than half of the nation’s housing
markets regularly monitored by California, Florida, Michigan and
Housing Predictor have sales Nevada are the most severely
levels that are the lowest in impacted states. But the majority
more than two decades. of states now have falling
housing prices in most markets.
Prices of many homes are falling
at faster rates than at the peak Adding to the problem is a new
estimate that now paints a google_alternate_ad_url =
disturbing picture of just how "http://www.isnare.com/adsense-al
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become. An estimated more than 5
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the end of 2009, and many google_ad_height = 90;
homeowners are expected to be
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homes.
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The problem started in the "text_image";
subprime mortgage markets and has
now spread into conventional google_ad_channel
mortgages, most of which were new ="3545651507";
creative financing provided by
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qualification to obtain.
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About the Author:
Mike Colpitts is the Editor of Housing Predictor, which forecasts more than 250 local housing markets in all 50 U.S. states. Search foreclosures and get the latest on the housing markets all over America at http://www.housingpredictor.com
