Foreclosure Forecast 2011 -The foreclosure forecast 2011 looks to peak this year and exceed the number of one million foreclosures in 2010 which was one of the worst years on record.
Foreclosure Forecast 2011 are estimating that 2.5 million homes are going through the foreclosure process right now.
What the new foreclosure projections mean is that there will be as many as 5.5 million homes flooding the market by the end of the year, causing further erosion of home prices. Large supply, low demand means the market will remain a buyers market for the foreseeable future.
While economists are seeing a slight improvement in economic growth, the future doesn’t look so great for the housing market in view of the current foreclosure data.
Tell us who you think is to blame for the housing and foreclosure crisis is, in the comment section below.
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