More Housing Markets Forecast to Improve

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 28, 2009 -- The annual Top 25 housing market forecasts released by Housing Predictor have a number of markets that show improving trends. Housing Predictor forecasts more than 250 local real estate markets in all 50 U.S. states. The Top 25 markets and the Worst 25 market forecasts are issued annually and updated as local market conditions change.

The best markets have the highest probability of hitting their forecast out of the more than 250 markets forecast. Almost three years ago Housing Predictor analysts forecasted the foreclosure epidemic. But there is evidence accumulating the new administration’s housing rescue plan is beginning to work.

More markets are now forecast to experience housing inflation through the remainder of 2009 in what is still regarded as the worst recession since the Great Depression. The forecasts illustrate that no matter what occurs with the national economy real estate markets are highly driven by local factors.

A total of seventeen markets scattered throughout the country were forecast to appreciate during the year at the beginning of 2009, but that number has been slashed. Fewer markets are projected to experience inflation over the remainder of the year. But there are more that are forecast to turn positive now than just days ago.

The epidemic of foreclosures topping 4-million households has had a major impact on the nation’s economy. More than 3-million Alternative A mortgages are resetting in 2009, and are expected to trigger another massive round of foreclosures.

Check your market forecast, the top 25 markets, search foreclosures and keep up with real estate news at http://www.housingpredictor.com

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