Destin, FL (PRWEB) March 23, 2009
A new forecast by Housing Predictor dot com details how the housing market will recover from its all-time unprecedented fall.
The forecast shows how the Obama Administration's efforts with Congress and the Fed will drive the housing market back to good health. But analysts contend it will take years for a full recovery to occur. Housing Predictor forecasted the foreclosure epidemic and the real estate crisis as the first real estate research firm to do so more than three years ago.
Foreclosures have topped more than 4-million homes and other properties in the U.S. and are projected to top at least 7-million before the crisis fully unwinds. The after shocks of the foreclosure epidemic have sent home values in the majority of the country to lows equal to at least 2001.
Housing Predictor forecasts more than 250 local housing markets in all 50 U.S. states and updates its forecasts as market conditions demand.
An online survey by Housing Predictor found that an overwhelming majority of 85% surveyed said they have been affected by the real estate crisis in some way. The nation's deepening recession is blamed on the crisis.
As real estate markets begin approach their bottoms and the inventory of foreclosures are bought up at bargain prices the crisis will begin to wither away.
Read the full report on how the housing recovery will develop and how the recovery will unwind, check your market forecast and search foreclosures at http://www.housingpredictor.com