Destin, Florida (PRWEB) March 4, 2009
Despite a drop in the number of homes listed for sale from record highs, the majority of housing markets in the U.S. are experiencing the biggest buyers markets in history, according to a new study conducted by Housing Predictor dot com.
The drop in average home prices and record number of foreclosed properties are providing a haven for buyers, who want to become homeowners. The two factors have combined to produce a massive inventory of properties for home buyers to select from, despite the nation's worsening recessionary economy.
Buyers are purchasing homes for as much as 70% off the markets peak highs in portions of California, Ohio, Florida, Michigan, Virginia and Georgia among other states, where the housing boom produced new record high prices. The volume of home sales in many markets in California and Florida has increased and is projected to rise more moving into spring time.
Markets are reeling from falling home prices with an unprecedented epidemic of foreclosures. An estimated 4-million homes have been foreclosed as the epidemic produced a bargain basement buyers market.
Housing Predictor issues more than 250 housing market forecasts in all 50 U.S. states, updating the forecasts throughout the year as market conditions change. 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 forecasted the national real estate depression, the foreclosure epidemic and regularly conducts Predictor Polls to gauge consumer opinion on issues related to real estate. Search foreclosures and check the latest real estate news at http://www.housingpredictor.com