Housing Recovery?

Interesting points regarding the U.S. housing market, the recovery, and housing regions where real estate should fare well.

Look Out! It`s Friday, Global Markets Are Tanking, Where`s The U.S. Headed?

U.S. stock futures are off considerably, global markets are tanking, and it's Friday. None of this bodes well for the opening of the US markets. Brace yourself, it looks like the markets will be rockin' and rollin' today.

"European markets got off to a terrible start. Within the first 10 minutes of trading, London's FTSE, the CAC in Paris and the XETRA DAX in Frankfurt, Germany, had all sloughed off about 10% of their values ......

Asian markets ended lower. The Nikkei Exchange in Japan closed down 9.6%.

Meanwhile, the Australian All Ordinaries index closed more than 8% lower and South Korea's KOSPI index finished the day off 4.3%.

Hong Kong's Hang Seng index was down about 8% in afternoon trading and Mumbai's BSE SENSEX was down 7.4%." - Money.Cnn.Com

Real Estate, The Credit Crunch - There’s No More Money!

The frozen credit markets are now widely impacting many markets. As if we weren't already feeling the crunch, it looks like economic conditions will continue to deteriorate.



You could say that real estate, your home, and many local housing markets are no strangers to these credit problems as real estate markets have been deteriorating in many locales for three plus years now.

Businesses are now widely beginning to feel the pain too. These additional ripples will continue resound the loudest (now even louder) in our pocket books!

Will Real Estate Now Find A Bottom?

In brief, here are a few points summarizing expert opinion regarding the government bailout bill and it's impact on real estate and the housing market:

• Housing markets should begin to find a bottom because the bailout bill will go towards building consumer confidence.


• Interest rates should remain low and relatively speaking stable.


• Foreclosures should begin to subside since it's believed that the government will make a concerted effort to "work out" more favorable loan terms for homeowners on loans in the mortgage portfolios that they have taken over from the bank.

Most experts believe the housing recovery will not happen overnight. The effects of the government bailout package will take time to enact and to infiltrate the market. Short term, it's believed that improved consumer confidence will go a long way towards beginning to stem the bleeding.