San Diego Real Estate 2010 Forecast
2010 real estate forecast
Fiserv, a financial information and analysis firm, which forecast the home price crash, but underestimated the scope, is now predicting a further drop in national median home prices of 11.3% by June 30, 2010.
According to this forecast, those areas with high concentrations of foreclosure sales will experience the steepest drops. Miami is cited as an example and home prices there are forecast to plunge 29.9% by next June — after having already fallen a whopping 48% during the past three years. Other cities noted as big home price losers: In Hanford, Calif., prices are estimated to drop 26.9% and continue falling 9.5% in 2011; Naples, Fla., expected to fall 26.8% and then flatten out, Las Vegas, where prices have already fallen 54.6% and are expected to lose another 23.9% by June 2010. In Phoenix values have already dropped by 54% and could fall another 23.4%.
Although, this report made national headlines, and surprised many analysts, my readers were well ahead of the curve if they read just a few of these related real estate market forecast posts: Home Price Outlook, Housing Market Forecast … Don’t Buy The Bull.
Pacific Beach real estate
Comments are closed.
I hate to admit that this article is right (my opinion). We (the congressmen anyway) have run up such an insurmountable debt that we have no way out of this mess other than a long hard slug of business stagnation and personal failures. Real Estate foreclosures will continue despite the announcement of ‘the recession is over’ by Bernanke, Obama and Co., and others.
LA medical marijuana
Many seem to think that those nasty Republicans are responsible for our predicament. They are only partly correct. Actually, BOTH political parties have sold out to “Government” Sachs. Note who was the Secretary of Treasury for Clinton,Bush(43) and Obama. Both parties have sold their soul for campaign funds from financial interests. To reform this mess: A Constitutional Amendment limiting total time of any house of Congress to 12 years(two terms in the Senate or 6 in the House), A law making it a felony for any past member of Congress to lobby, a reinstatement of the Glass-Steagall Act. Congress has exempted itself from the Civil Rights Act of 1964, paying Social security taxes, and the provisions of the OSHA act. Mark Twain said that Congress was the only unique criminal class produced by the U.S. It is time for us to stop Congress from screwing us!!!!
San Diego real estate
The San Diego new home market is currently gaining momentum. Hopefully, it will buck the national forecast and at least hold steady.
I expect it to be challenging for the next year with a recovery starting by next summer. I’m not sure it will be a big bump but there will be more signs of life. We’ll see-the banks still need to sort out all their problems first. Take care.
Fresno auto accident lawyers
The market has made SOME headway after the election but this hole is much deeper than any one president can fill. We won’t see anything even close to the vicinity of the pre-bubble years for another 2yrs, spring 2010 at the very earliest.
Los Angeles bankruptcy lawyers
I’m impressed, I have to say. Actually not often do I encounter a weblog that’s each educative and entertaining, and let me inform you, you have hit the nail on the head. Your concept is excellent; the issue is something that not enough people are speaking intelligently about. I’m very blissful that I stumbled throughout this in my seek for something relating to this.