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Home sales more competition coming

Real Estate – March 17, 2009

How we get these Future News Predictions

Find out how these predictions will affect you

The question on everybody’s mind is when will the real estate market come back? This is the question that has everybody wondering and the answer is that it won’t all come back at the same time. You will first start to see building come back. However, not necessarily new houses, but many of the construction projects will be apartments. These apartments will be needed when people continue to lose their homes through foreclosure. More and more people will be losing their jobs and unable to make their mortgage payments. Some will be foreclosed on, but many will just walk away from their houses. They will be lucky if they can afford rent. Real estate prices will not stabilize until the banks get rid of all foreclosed inventory and that could be years. In the meantime, this huge glut of inventory will suppress housing prices even more for mainstream sellers. In order to eliminate the inventory of foreclosures,

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