Housing Bubble … Investors Opinion
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nvestors on the Chicago Mercantile Exchange are turning more pessimistic too. A housing futures index tracking 10 major U.S. cities is now projecting January 2008 prices in those markets will be down 5.1 percent from early 2007. At the end of February, the same futures index put together by Tradition Financial Services had forecast a 3.7 percent drop.
"This isn't going to be over in a year," predicted Yale University economics professor Robert Shiller, who helped create the housing index. "Housing prices could be declining for years and years."
As many as 2.4 million Americans may lose their homes because of the collapse of subprime lenders and foreclosures, said Mike Calhoun, president of Durham, N.C.-based nonprofit Center for Responsible Lending, who testified before Congress last week.[tags]housing bubble,real estate bubble,real estate market,housing market,housing futures[/tags] San Diego home values San Diego for sale by owner
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If we look at the economic trends along with Real Estate market trends, we can realize that what may seem like a “bad market” for some people is the same market that “big” Real Estate Investors have bought the properties that made them millions. However, there are many people that are getting ready to capitalize on some great investing due to the common sense theory of investing, BUY LOW…SELL HIGH!.
Alyssa
San Diego County medical Trials
It’s pretty bad in South Florida, too. I’ve lost about 18% on my home within the last 18 months. Ouch!
I was reading the other day that we’ve lost $2.2 trillion in home equity in the US. That’s alot of money out of economy.
Sarah
Florida Bail Services
Much is said now about the state of the real estate market, the recent audacity by the fed chair, and how our dollar is being trampled on by the feds. Much is said about the lack of equity in homes and the lack of liquidity from the few available buyers out there. The economy is dead, all these foreclosures are ruining the state.
Wes
Acne Treatment
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