More than 250 local real estate market forecasts for 2008 are being announced by Housing Predictor, which issues its forecasts annually for housing markets in all 50 U.S. states.
In 2007 Housing Predictor accurately forecast more than 85% of the more than 250 local housing markets it forecast within 1 to 2 percent of their forecast appreciation or deflation. Miami, Florida was selected as the worst market in 2007 forecast to depreciate 12.7%. The market averaged deflation of 12.4%.
Leading real estate companies, home builders, Wall Street investment bankers, real estate investors, home owners and many of the country's largest retailers depend on Housing Predictor for their forecasts. The Housing Predictor forecasts are considered to be some of the most dependable real estate forecasts on local market conditions in the nation.
All 50 states forecasts for 2008 are currently being added to the Housing Predictor web site along with profiles on local market conditions detailing what the future holds for market places in the new year. The annual forecasts are a major production, which take thousands of hours of work.
Throughout the year Housing Predictor also regularly updates forecasts as local market conditions warrant. Housing Predictor analysts are constantly on the hunt for new information on real estate markets they monitor to keep real estate owners, buyers and investors up to date on their market place.
Housing Predictor also forecast the national real estate recession in 2007, the foreclosure crisis, predicting that more than 3-million homes would be foreclosed through 2009 and the Fed's series of interest rate cuts. The web site will also soon be posting its' annual Top 25 Housing Markets and Worst 25 Housing Markets.
As real estate markets become more turbulent in 2008 and foreclosures rise with the tide of adjustable rate mortgages scheduled to reset Housing Predictor will also be issuing an extension to the foreclosure forecast, which will include 2010 and 2011.
To check your market's forecast, search real estate listings and get the latest on real estate news visit http://www.housingpredictor.com.