Hello DG Fam, i have jst stumbled into this great information that will help you when making offers and negociating, and..

Hello DG Fam, i have jst stumbled into this great information that will help you when making offers and negociating, and..

..it will help you not to purchase too high specially if you are in these areas!!!!!
I hope you enjoy the literature. let me know.

Where are the best bets for recovery? Tacoma, Wash., tops the rebound list.
NEW YORK (CNNMoney.com) -- Despite signs that the real estate market might be lurching forward, prices are expected to fall further this year and next.

The average home price in the United States will fall by about 6% by September 2011, according to a joint report between Fiserv and Moody's Economy.com. And that's after plunging more than 27% in the past three years.

Most of the projected home price decline will occur during the usually slow summer months of 2010. After that, prices should begin to stabilize, according to Fiserv, and stay almost flat through fall of 2011.

The main reason for continued decline, according to Mark Zandi, economist and co-founder of Economy.com, is foreclosures -- the same thing that's plagued markets for the past three years.

"Foreclosure sales will pick up this spring as mortgage servicers figure out who can qualify for a modification and who can't," said Zandi.

He figures there are at least 4.5 million mortgage loans either in foreclosure or clearly headed in that direction. When that additional inventory hits the market, it will provide numerous choices for buyers and encourage sellers to drop their listing prices.

The end of two federal programs, which have been propping up markets, will also tamp down prices.

The Federal Reserve has been purchasing mortgage-backed securities since early 2009, scooping up as much as $1.25 trillion worth. That has dampened rate increases by providing a ready market for the securities. But the Fed's program lapses on March 31, when it cedes the playing field to private investors, who will almost surely demand higher rates.

Any resulting rise in rates will cause some buyers to withdraw from the market and others to look for lower priced homes. Either way, demand for homes drops and so do prices.

A month after the Fed bows out of the mortgage-buying market, the homebuyer tax credit will start to expire. To qualify for the $8,000 credit, homebuyers must sign a contract before April 30 and close by June 30. When the first date passes, many buyers are expected to vacate the market, weakening the demand for homes.

In a broader sense, home prices are ultimately decided by employment. "If [the job market] improvement is stronger than expected, prices will get better. If it's weaker than expected, prices will be worse," Zandi said.

Worst of the worst
The worst performing market will be Miami, Fla. Moody's projects prices there to drop a heart-stopping 29.2% by Sept. 30. That follows a 47.7% decline the metro area recorded in the past three years. Grand total: 64% drop.

Other disastrous performances will be turned in by the Hanford, Calif., metro area, where prices are projected to plummet 27.2% through Sept. 30, 2010 following their 36.9% drop for the previous 36 months. Ft. Lauderdale and West Palm will also register steep drops.

There's some good price news coming out of California's Central Valley for a change; prices will begin to emerge from their free fall toward the end of this year.

In Merced, for example, which crashed and burned by 71.8% in the past three years (through last September), they'll only fall only another 6.2% in the next six months before bouncing back with a rise of 10.1% by Sept. 30, 2011.


"Obstacles are what you see when you take your eyes off your goal"
Dean Graziosi

Live, Love, Laugh!!!!!

Very Interesting

Thanks for sharing - looks like its time to invest in Miami, Hanford, Ft Laurderdale and West Palm Beach Smiling Its funny once you're investing you look at the news from a different angle!

So true Laura

the news will give you great insight, and all one has to do is find out what strategy would work best.
thanks for the input Laura, and good luck.



"Obstacles are what you see when you take your eyes off your goal"
Dean Graziosi

Live, Love, Laugh!!!!!

Very Very intersting

Luiz, that is real! Keep it coming!
Thanks for sharing!


This is a great article. I would like to give one consideration to those that read this article - remember to understand your own personal area. You may find that your home prices go up while others go down, or even your area may go way down when others not so far. Keep your own prospective, understand your market, do not be afraid of the real estate markets and make lots of money.


If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125

Very good

Thinks for this great info.


Realtor / Investor
Matt. 6:33 "Seek first the kingdom of God and his righteousness, and all these things shall be added to You." Matt. 16:26 "For what profit will it be for a man to gain the whole world, and lose his own soul." If the first two verses are true for you, Always remenber Phil. 4:13 "I can do all things through Christ who strenghtens me." Promise from God, Psalm. 60:12 "With God's help we will do mighty things."

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