(EMAILWIRE.COM, May 26, 2009 ) Destin, Florida -- Analysts haven’t ventured into forecasting the bottom of the housing market at Housing Predictor for more than a year after financial markets collapsed. However, forecasters have now issued the forecast for the bottom of the housing market.
Despite the worsening national economy, Housing Predictor forecasters see an end to the housing mess as some markets begin to show at least signs of the beginning of a recovery. But don’t expect this recovery to be a quick one, according to forecasters, who regularly track more than 250 local housing markets in all 50 states. The forecast for the bottom of the housing market is available at Housing Predictor dot com.
The Worst 25 Housing Markets named in 2009 were just updated and the list is compiled of markets that represent some of the best opportunities available in years to purchase real estate at low prices. Veteran real estate investors search for markets that are declining to capitalize on to find the right deals to make their purchases. The lower the prices the better the deals, and then they wait out the markets return for the good times to sell.
With an all-time record high inventory of foreclosures, buyers are making purchases in markets from coast to coast at bargain basement prices. Housing markets have been driven in large part historically by the Federal Reserve Board of Governor's setting interest rates. The Fed is holding steady on interest rate moves these days in order to draw home buyers back into the market and recharge the U.S. economy.
Housing Predictor forecasted the national real estate depression, the foreclosure epidemic and regularly conducts Predictor Polls to gauge consumer sentiment on issues related to real estate. Get the details on the forecast for the housing markets bottom, search foreclosures and check the latest real estate news at http://www.housingpredictor.com
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