15 Million Home Foreclosures Forecast

15 Million Home Foreclosures Forecast

Destin, FL – October 11, 2011 – (RealEstateRama) — Home foreclosures have destabilized the U.S. economy and sent home prices in the majority of the country much lower. The foreclosure crisis has had a massive impact on the livelihoods of millions of Americans, and is forecast to impact millions of additional homeowners in coming years.

Studies indicate that Americans are concerned about the foreclosure crisis, which has led the nation’s economy into economic turmoil as more and more homeowners are affected. Each foreclosure damages the national economy an average of $250,000.

First forecast by Housing Predictor almost five years ago as the first real estate research firm to forecast the crisis, an estimated 7.6-million homeowners have lost their homes to foreclosure in the U.S. since the mess started.

The crisis started with subprime mortgages and didn’t take long to move into conventional mortgages. Visit Housing Predictor dot com for the latest on its foreclosure forecast, which is forecast to continue for several more years.

Housing Predictor tracks more than 230 local housing markets in all 50 U.S. states, forecasts markets across the country, regularly surveys visitors to its website on issues related to real estate and keeps visitors up to date on real estate news and mortgage rates.

 

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