Shake Up in Worst Housing Markets
Mike Colpitts
April 07, 2009
The most trusted real estate market forecasts have been released with the update of the Housing Predictor Worst 25 Housing Markets in the U.S. It isnīt news that housing markets are falling in value at unprecedented rates, but itīs what we have to deal with these days in what appears to be the worst economy since the Great Depression.
A shake up is taking place in the Worst 25 Markets as housing values fall in the majority of the country, despite government efforts to improve economic conditions. Home sales are increasing as a result of lower interest rates and lower home prices triggered by the foreclosure epidemic.
Detroit, Michigan has been at the top of the worst 25 list until now for 2009. Another marketplace has moved up the list to take its place as more housing markets across the country weaken substantially from the financial crisis.
The Worst 25 markets are issued at the first of each year and then updated throughout the year as local market conditions change. Housing Predictor forecasts more than 250 housing markets in all 50 states and provides real estate news on issues that effect real estate, including breaking news and analysis on efforts to improve market conditions.
Housing Predictor researchers are also releasing the facts comparing the Great Depression era to the current financial crisis. Researchers spent hours digging into old economic journals, newspapers and the Congressional Record to dig out the facts on the Great Depression economy to determine if the economies are really comparable, and just what the likelihood may be for todayīs economy to develop into another Great Depression.
Check your market forecast for 2009, the Worst 25 Housing Market list and search foreclosures at http://www.housingpredictor.com
A shake up is taking place in the Worst 25 Markets as housing values fall in the majority of the country, despite government efforts to improve economic conditions. Home sales are increasing as a result of lower interest rates and lower home prices triggered by the foreclosure epidemic.
Detroit, Michigan has been at the top of the worst 25 list until now for 2009. Another marketplace has moved up the list to take its place as more housing markets across the country weaken substantially from the financial crisis.
The Worst 25 markets are issued at the first of each year and then updated throughout the year as local market conditions change. Housing Predictor forecasts more than 250 housing markets in all 50 states and provides real estate news on issues that effect real estate, including breaking news and analysis on efforts to improve market conditions.
Housing Predictor researchers are also releasing the facts comparing the Great Depression era to the current financial crisis. Researchers spent hours digging into old economic journals, newspapers and the Congressional Record to dig out the facts on the Great Depression economy to determine if the economies are really comparable, and just what the likelihood may be for todayīs economy to develop into another Great Depression.
Check your market forecast for 2009, the Worst 25 Housing Market list and search foreclosures at http://www.housingpredictor.com
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