(EMAILWIRE.COM, October 26, 2009 ) Destin, Florida -- The biggest buyers housing market in years is being forecast by Housing Predictor. The record volume of foreclosures and rising number of lender assisted distress sales will trigger the biggest buyers market in 2010, according to the new report on the Housing Predictor Web site.
Following almost four years of declining property values in the worst affected markets, the inventory of homes for sale has declined as lenders delay foreclosures. But the epidemic of foreclosures is forecast to rise in the early part of 2010, providing a booming inventory for home buyers.
Real estate markets were reeling from falling home prices, but improving conditions are developing in many areas of the country. However, many markets are likely just experiencing what will be temporary improvements before conditions change again plagued by the on-going credit crisis. Sales from foreclosures produced a surge in property sales with bargain priced homes.
Housing Predictor forecasted the foreclosure epidemic would develop the worst economy since at least the Great Depression. The real estate research firm forecasts more than 250 local housing markets and regularly updates forecasts as local market conditions change.
Consumers, leading real estate companies, home builders, Wall Street bankers, real estate investors, home owners and many of the country's largest retailers depend on Housing Predictor forecasts.
Housing Predictor also offers real estate news and regularly conducts Predictor Polls to gauge the pulse of consumers on issues related to real estate. To check your market forecast, take the Predictor Poll, and search foreclosures visit http://www.housingpredictor.com
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