Real Estate Predictions May 14. 2011

CR Daily News Prediction© REAL ESTATE (predicted on – May 14, 2011 in the – CR News Reports© MEMBERS subscription)

Predictions from Higher Intelligence: - “The housing market refuses to stabilize. Banks are slowing down on foreclosures because it’s driving prices down more making their existing inventory worth less. Potential buyers will continue to shy away from home ownership – this will also drive prices down further. We predict that prices could drop so low that they are where they were at in the 1990′s. It’s at this level that the market could stabilize, however that doesn’t mean prices will start going up. We predict at least another 8 million homes will be foreclosed on in 2011 and 2012. The government is working with all 50 states…”continue

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