Last Two States Housing Markets Turn
Signs of a bottom to the housing market may be closer as the last two states in the nation, North Dakota and Montana experience their markets turn.
(EMAILWIRE.COM, May 8, 2009 ) Destin, Florida -- North Dakota and Montana are the last two states to produce signs of a downturn in their housing markets and there forecasts have been adjusted by Housing Predictor dot com, the leader in housing market forecasts.
In January, Montana placed all five of its markets on the Top 25 market list with forecast housing inflation, but since then economic conditions have deteriorated and show a powerful likelihood of worsening through 2009. Despite the economy, there are markets in the midst of a recovery in California and Florida with increasing home sales.
With a drop in the number of homes listed for sale, the majority of housing markets in the U.S. are experiencing the biggest buyers markets in history, the majority of which are foreclosures and short sales. The drop in home prices is providing a huge inventory for buyers.
Buyers are purchasing homes for as much as 75% off the markets highs. Markets are reeling from falling home prices with an unprecedented epidemic of foreclosures. An estimated 4-million homes have been foreclosed as the epidemic produces bargains for buyers.
Housing Predictor issues more than 250 housing market forecasts in all 50 U.S. states, updating forecasts throughout the year as market conditions change. Leading real estate companies, home builders, Wall Street bankers, real estate investors, home owners and hundreds of the country's largest businesses depend on Housing Predictor forecasts. Check your market forecast, search foreclosures and real estate news at http://www.housingpredictor.com
In January, Montana placed all five of its markets on the Top 25 market list with forecast housing inflation, but since then economic conditions have deteriorated and show a powerful likelihood of worsening through 2009. Despite the economy, there are markets in the midst of a recovery in California and Florida with increasing home sales.
With a drop in the number of homes listed for sale, the majority of housing markets in the U.S. are experiencing the biggest buyers markets in history, the majority of which are foreclosures and short sales. The drop in home prices is providing a huge inventory for buyers.
Buyers are purchasing homes for as much as 75% off the markets highs. Markets are reeling from falling home prices with an unprecedented epidemic of foreclosures. An estimated 4-million homes have been foreclosed as the epidemic produces bargains for buyers.
Housing Predictor issues more than 250 housing market forecasts in all 50 U.S. states, updating forecasts throughout the year as market conditions change. Leading real estate companies, home builders, Wall Street bankers, real estate investors, home owners and hundreds of the country's largest businesses depend on Housing Predictor forecasts. Check your market forecast, search foreclosures and real estate news at http://www.housingpredictor.com
Contact Information:
Housing Predictor
Mike Colpitts
Tel: 8506221016
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Housing Predictor
Mike Colpitts
Tel: 8506221016
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Press Release Keywords:
North Dakota, Montana, housing markets, housing market forecasts, recovery, housing recovery, home prices, California, Florida recovery, real estate
North Dakota, Montana, housing markets, housing market forecasts, recovery, housing recovery, home prices, California, Florida recovery, real estate
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