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Monday, November 17th, 2008

White hot to stone cold

Real Estate – November 17, 2008

How we get these Future News Predictions

Find out how these predictions will affect you

Real estate and the economic crisis are tied together. There will be more bad economic news. This will not be good for real estate. The more the worldwide economy slides the worse it will get for real estate. As money from the bailout plans starts to get to the mortgage holders who need a bailout, the train of foreclosures will just be picking up speed. The government and lenders cannot act fast enough to service the homeowners already in trouble, much less the greater numbers to come. As the economy worsens more people will lose their jobs. These people will not be able to make mortgage payments and will be the next wave to be foreclosed on. This increasing supply of empty real estate will continue to suppress prices. One area where real estate prices will go up is for rental properties.Continue reading »

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