Mike Colpitts is the Editor of Housing Predictor, which provides more than 250 housing market forecasts in all 50 U.S. states and breaking real estate news. Housing Predictor is a leading online resource for home owners, real estate buyers, investors, mortgage companies, Wall Street Bankers and realty professionals.
An over-whelming majority of home owners blame the falling U.S. real estate market on mortgage companies and other lenders, according to a new opinion poll just released by Housing Predictor.
The online survey indicates the majority of Americans blame mortgage companies for artificially inflating the housing market by developing new and creative financing schemes and loose lending practices.
Housing Predictor regularly surveys visitors on real estate related issues and provides forecasts for more than 250 local housing markets in all 50 U.S. states. The web site is regularly consulted by major U.S. mortgage companies, Wall Street investment bankers, real estate professionals and consumers for its insightful forecasts and real estate news.
Housing Predictor has successfully forecast the major reductions in the Federal Reserve’s prime lending rate and expects further cuts to be made over the next year to help alleviate the pain in the real estate market.
Mortgage companies traded mortgages on Wall Street like commodities and were the final link in the chain that started with mortgage brokers and lending institutions making loans to just about anybody to make a buck. A series of lawsuits are underway against major mortgage companies, banks and Wall Street investment firms tied to the loose lending practices.
With the supply of money in abundance, America was on a borrowing binge to buy their piece of the American dream until the funds used to fill the mortgages dried up on Wall Street, where mortgage houses traded paper mortgages in a fast frenzied pace.
What started with a dip in the housing market from the subprime lending turmoil has now spread into the conventional and secondary lending markets, and has resulted in causing home markets to collapse in most areas of the nation. The crisis is expected to take years to over come and may send the overall U.S. economy into it’s worst recession in years.
To see the details on the Housing Predictor opinion poll, local home forecasts and to search for real estate visit http://www.housingpredictor.com
- Related Videos
- Related Articles
- Ask / Related Q&A
- Real Estate, Houses for Sale, Rentals, Commercial
- 5 Secrets To Find Your Perfect Central Coast California Real Estate House At A Bargain
- 5 Amazing Tips To Find Your Dream Dublin California Real Estate House At A Bargain
- Indianapolis Real Estate Housing Market Maintains Number 1 Rank
- Indianapolis Real Estate Housing Statistics
- Charlotte Residential Real Estate Housing Market Fall 09
- What is a Real Estate Housing Bubble?
- The Importance Of The Real Estate House Sales Contract
GDI. Work from home and build a substancial income while you sleep
By: Mark Atkinson | 26/12/2009Global domains international has built a reputation. And at the same time as a trusted international big business opportunity, and is recommended on behalf of somebody wanting to start there own online internet business next to very low cost.
Free Property Education- Women in Property Melbourne
By: Christine Stow | 24/12/2009Investing in Property safely can be a daunting prospect. Women In Property Melbourne offers the opportunity to one lucky person for coaching and mentoring.
Vans' Interactive "Be Here" Campaign Shares Voices From Around the Globe on NYC Times Square Digital Billboard
By: Market Wire | 23/12/2009Participants E-Mail Their Thoughts and Images for All to See via Web
IneoQuest Expands GeminusTM Product Line for Scalable and Cost-Effective Video Traffic Monitoring and Analysis
By: Market Wire | 23/12/2009New Geminus G10 Mid Enables Effortless Upgrade to Support Video Traffic up to 5Gb on a 10Gb Network; IneoQuest Announces Promotional Pricing for New and Existing Customers
Mobclix Selects Aster Data to Move Analytics to the Cloud
By: Market Wire | 23/12/2009Aster Data on Amazon Web Services Provides Mobclix With Real-Time Predictive Analysis and Behavioral Targeting
Petaquilla Exploration Update: Significant Gold Mineralization Discovered by Surface Rock Chip Samples
By: Market Wire | 23/12/2009Petaquilla Minerals Ltd nnounced today that its exploration program has resulted in the discovery of significant gold mineralization by surface rock chip sampling on its Oro Del Norte concession.
Boost Your BlackBerry Experience with HotkeyManager (BlackBerry Keyboard Shortcut Manager) from eMobiStudio Inc
By: tina | 23/12/2009eMobiStudio.Com announces the newly release of HotkeyManager, a powerful keyboard shortcut management application specially designed for BlackBerry. With HotkeyManager, you can easily create and manage shortcuts to applications, phone calls and system utilities for your BlackBerry. Boosting up your Blackberry experience is just one click away!
ZINK Imaging Announces Next Generation of ZINK® Technology
By: Market Wire | 22/12/2009Next Generation ZINK® Technology, Including New ZINK Paper® Formats, Expands ZINK Ecosystem
Real Estate Foreclosures Forecast to Worsen
By: Mike Colpitts | 27/11/2007 | Real EstateThe foreclosure crisis will worsen in 2008 in the U.S. hitting a new record high, and will eventually surpass foreclosures in the Great Depression.
American Home Owners Blame Mortgage Companies
By: Mike Colpitts | 03/11/2007 | Press ReleasesAccording to a new opinion poll just released by Housing Predictor, an over-whelming majority of home owners blame mortgage companies for the falling U.S. real estate market.
Mortgage Crisis Poses National Housing Recession Threat
By: Mike Colpitts | 01/10/2007 | Real EstateThe U.S. mortgage melt down has produced America's real estate crisis with falling home prices and record foreclosures, and it now threatens to produce the Nation's worst economic disaster in history, according to a new report by Housing Predictor. The real estate markets rocked for years with double digit appreciation or...
Housing Market Recovery Forecast To Be Slow
By: Mike Colpitts | 25/09/2007 | Real EstateThe nation's housing slow down will be a long haul and a full recovery won't occur until some time in 2009, according to a new report by Housing Predictor, which forecasts more than 250 local housing market futures in all 50 U.S. states. The report comes on the heals of a...
Housing Market Forecast Unchanged
By: Mike Colpitts | 30/07/2007 | Real EstateHousing markets will depreciate an average of 4.2% nationwide in 2007, according to the annual Housing Predictor forecast. The forecast for the decline was first issued in January and after a reassessment at mid-year remains unchanged. An average depreciation rate of 4.2% would be the largest depreciation the U.S. housing markets...
Fed Chief Confirms Housing Predictor Forecast
By: Mike Colpitts | 25/07/2007 | Real EstateFederal Reserve Board Chairman Ben Bernanke has confirmed the Housing Predictor forecast that more than 2 million homes will be foreclosed as a result of the sub prime lending crisis. In a hearing before the Congressional House Financial Services Committee in Washington D.C., Bernanke essentially confirmed the Housing Predictor forecast...
Exclusive Report: Limited Damage In Sub-prime Fall Out
By: Mike Colpitts | 20/07/2007 | Real EstateThe economic damage caused by the fall out from the sub-prime loan crisis is limited, and should not cause major economic damage to the nation's housing markets or greater U.S. economy, according to an exclusive report by Housing Predictor. Housing Predictor forecasts more than 250 local housing markets in all 50...