forecaste the real estate market?

Answer 1

market will give good return in real estate.you have to follow the policy of wait and watch and then take action accordingly.

Answer 2

Currently, foreclosures are happening all around the US. Not just in Conservative States Im afraid, as one person said.

What drives it is adjustable rate mortgages: people got these loans for their new, big houses when rates hit 0%, and are now way outside their budgets to pay for the house. Look for any area where the average income a year is a fifth the average home value. Thats my little method. I figure right around their is where you will find squeezed people. Look for even higher values to lower incomes for even more foreclosure opportunities.

And there is a lot of profit to be made at the foreclosure office right now. Think about it, you could get a $200,000 house for $90,000, and then sell it for $130,000. Instant $40,000 profit. All you need is to buy the house, advertise such a great deal, savor the phone hitting hard and heavy, and sell. It could even happen within a day.

Thats how Phoenix, Arizona's housing market was revived in the mid 90s, investors shopping at the foreclosure office got newer, financially healtier people to move in.

However, as for long term projections on the Real Estate Market, right now I know why we are in a downspot. Its because most Baby Boomers took teh so-called financial "advice" and made their home their biggest investment.

Last year the reason the market was so booming was twofold: Hurricane Katrina victims that got decent insurance claims bought houses elsewhere, and even before that the new Gen Y graduates, the first of Gen Y to hit the workforce, needed homes. Also, immigrants and such needed homes. Baby boomers without homes bought either their first of their dream home.

Now however, the reason we have the glut in housing units available is because
1. Baby Boomers that are of the earliest part of the generation are selling, either to build a dream home or to downsize with the kids out of the nest.
2.Builders kept building units, so while many new Gen Y kids have been attracted to the new urban culture, and live in trendy apartments, condos and homes are being left empty.
3. So many people are looking to buy new homes, but their only object of value is their current one, so they are looking to sell a house in order to buy a bigger and/or better one for their needs. Hence there is a demand for new homes, but no reinforcement.

So when will we hit the next market upswing and when will we reach the new peal? Likely, first there will be many contruction company defaults and bankruptcies. Then, if it hadnt gradually slided into deep depression, the average home value will flatten out, either go down or at least not grow much more.

Once the new Gen Y kids have kids and need bigger housing units or just a change of pace, they will have to spend their money in buying homes.

Hence, if the market takes a big upswing, its likely going to be towards the end of this decade, when a good chunk of Gen Y is out of college and consuming.

However, there is the possibility that Gen Y will see teh wisdom in never owning a home. Think about it, when you buy a home you do gain some investment rewards down the road, but between then and now, you need to take care of the lawn (meaning shovels, hammers, lawnmowers, hedge trimmers, and mulch for flower beds), not to mention massive home insurance costs and the cost of the loan interest itself, which would otherwise probably be less than the cost of rent.

So Gen Y may realize the time and money they bury in a house may be better spent as an investment somwhere else, in either stocks, bonds, or funds.

Answer 3

Each province has a forfecaste Delhi it is 30 degree celcious, Mumbai 37 degree, Calcutta only 23 degree celcious and Hyderabad more than 45 degree. So far Chennai, it is 0 (zero) degree only and in Trivandrum/Cochin is is 25 and 34 degree.

Answer 4

Real estate market is a big boom. it all depends on what kind of project r expected near by. what kind of people stay?

Answer 5

In the UK the market is a bubble waiting to BURST

Answer 6

there will be a lot of foreclosures in states with Conservative governors but all you have to do is look that up yourself!

Answer 7

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