Destin, Fla. (PRWEB) January 6, 2009
Housing Predictor announces annual real estate market forecasts for the top 25 metropolitan housing markets in the U.S. The online real estate research firm forecasts more than 250 local housing markets in all 50 states, including the top 25 major markets based on population density.
The major metropolitan forecasts are derived from all the forecasts the company issues. Consumers, mortgage companies, leading bankers, Wall Street firms, real estate agents, appraisers and many of the nation's top companies consult Housing Predictor for forecasts, which are updated throughout the year as local market conditions change. Housing Predictor forecasts are considered to be among the most dependable in the industry.
All 50 states forecasts for 2009 have been added to the Housing Predictor web site along with profiles on market conditions detailing what the future holds for market places in the New Year. Housing Predictor analysts are constantly on the hunt for new information on real estate markets they monitor to keep real estate owners, buyers and investors up to date on their market place.
Housing Predictor forecasted the national real estate recession in 2007 and was the first research firm to forecast the foreclosure epidemic, which has rocked the national economy.
As real estate markets continue their turbulence in 2009 and the second round of adjustable rate mortgages reset, foreclosures are projected to rise nationally.
Housing Predictor will also be issuing an extension to it's' foreclosure forecast after the Barack Obama Administration is sworn into office in Washington, D.C. More than 3.3-million homes have already been foreclosed as a result of the credit crisis and fallout from the deteriorating real estate market, and at least 3.1-million more homes are forecast to be foreclosed.
To check your market's forecast, search foreclosures and get the latest real estate news visit http://www.housingpredictor.com