REAL ESTATE Predictions – Oct. 19.11

CR Daily News Prediction© REAL ESTATE (predicted on – October 19, 2011 in the – CR News Reports© MEMBERS subscription)

Predictions from Higher Intelligence:

“Many headwinds are facing the home builders and the real estate market. Here’s some of them… Continued downward price pressure. Too many foreclosures on the market with many more coming – as many as 2 to 3 times more coming. Also the poor condition of foreclosed properties is holding the market back. There is also low-ball home appraisals for people wanting to sell. There’s the inability to get re-financing. Material costs for building are going up quickly. Property taxes are increasing to make up for lost building permit revenue. Utilities, insurance…” continue predictions. . .

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