2009-2011 Real Estate Market Predictions | Realtor Coaching
HREU coaching students…..read this article and post your comments….
This article is from Jeff Nielson, Bullionbullscanada.com
With more than one in ten U.S. mortgages (of all categories) already in default, the biggest wave of “adjustable-rate mortgage” re-sets does not begin until next year – and then will remain at that peak level for at least one full year.
Keep in mind that while the U.S. government, and their media-parrots originally tried to deceive people into believing this was a “subprime crisis”, the reality is that all categories of U.S. mortgages (including “prime”) are at the highest default rates in history.
And it is over the next two years that defaults are guaranteed to get really bad.
Do not confuse what I’m saying as meaning that the U.S. housing market will “bottom” in 2011. That is NOT what these numbers say at all. What the numbers say is that the U.S. real estate collapse will stop accelerating some time around, or a little before.
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After that, the U.S. market will have to slowly chew-through the largest inventory of unsold homes in history – ANYWHERE! Currently, there are over 20 million empty homes in the U.S. Many of these homes have been severely vandalized (or even burned to the ground), but these “assets” sit on the balance sheets of U.S. banksters – at valuations far above what they could ever possibly hope to receive.
Millions of these homes will simply have to be bulldozed to the ground, because there will never be enough buyers for all of them.
So, after the U.S. housing collapse stops accelerating downward, some time around 2011, at that point the collapse will gradually slow down (over a period of several additional years). At that point, after the U.S. economy has lost over $30 TRILLION of “paper wealth”, and at least 30 MILLION jobs, the U.S. housing market will almost certainly remain depressed for several additional years.
In other words, buying a U.S. house today – after the market has already declined roughly 30% – would still be one of the worst investments in history. Think about that the next time a U.S. propagandist spouts the word “bottom”!
Source: Bullionbullscanada.com
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Location, location, location is still the mantra when considering the value of an ‘investment’ in real estate. Here in Philadelphia there are some neighborhoods with falling values and an increase in foreclosures. There are other neighborhoods where values range from flat to up and there are no foreclosures.
Definitions of the 6 items within the bar graph’s legend would be appreciated please.
Is this graph referring to the state of Nevada?? Graph Notes: “All this in a state with 10.1% unemployment; 50% drop in housing prices:”
JoVanna…that graph is for the COUNTRY…as in USA…not just Nevada!
Hope this helps!
Tim
Tim,
How does the falling dollar play into this?
Once the dollar looses it’s value by 1/2 over the calendar year 2009 -
will that not equate to more exports and job growth as well as inflation since
costs of necessary imports cost twice as much – which would trigger
a little bit of inflation in 2010 and the house pricing would flatten out. in mid to late 2010
Marius