Destin, FL (PRWEB) October 14, 2008
The U.S. economy is under going the worst economic chaos since the Great Depression as a result of the growing global financial crisis. And now it seems to be the #1 question everybody in America is asking: When will the bottom of the real estate market occur?
By now just about everyone realizes that the depressed housing market sent America into its financial mess. The foreclosure epidemic has topped 3-million foreclosures nationwide.
Housing Predictor correctly forecast America's real estate depression, the foreclosure epidemic and the mortgage crisis and now forecasts the bottom of the nation's real estate market. The bottoms of real estate markets don't happen all at once like financial markets do, but usually take many months and even sometimes years to undergo.
As government leaders from around the World met in Washington D.C., Housing Predictor researchers gathered more data from hundreds of independent sources across the nation to search for the answer on when America's housing markets might stabilize. The White House and other branches of the Federal government are in emergency management mode in order to find a solution to the economic crisis.
As the White House finalizes its plan with the Treasury, Housing Predictor delves into the crisis and issues its forecast for the bottom of the housing market, and perhaps even more importantly reviews when things might be looking up in real estate. Housing Predictor forecasts more than 250 local housing markets in all 50 states, and keeps visitors up to date on changing market conditions and real estate news.
Most local housing markets throughout the nation are still working through their downturns and won't see falling prices flatten until at least sometime in 2009. Last April Housing Predictor forecast the increase in home sales as a result of lower prices and the epidemic of foreclosure properties listed for sale. Sales picked-up in late summer and are forecast to increase more with additional interest rate cuts by the Fed.
Visit http://www.housingpredictor.com for the bottom of the real estate market forecast, search foreclosures and check your own market forecast.