Update: Real Estate Market Forecast

I think it’s safe to say that any homeowner currently in the process of buying or selling a home in this economy is aware of the severity of the current housing crisis. With home values at a unprecedented low and the credit crisis tightening available credit everywhere- buyers and sellers alike are looking for relief in the near future.

According to HousingPredictor.com, the best buyers market will peak around late summer.  Lower interest rates will draw many buyers to make more home purchases than seen in recent years. The $750 billion injection by the Federal Government to purchase troubled mortgage backed securities will help to boost the marketplace.

Many experts are predicting the low housing values to continue to linger throughout the rest of the year as the excess inventory of homes on the market are purchased. Once the inventory levels-out, home values should slowly begin to upturn sometimes towards early 2010- much to the relief of homeowners looking to sell within the next few years.