Real Estate News: Investment Bank Braclays Predicting A Rise In Foreclosures

City of Hialeah - Miami Dade County

The fifth largest city in the State of Florida with an area of 20 sq. miles and a Class 1 Fire Department. Hialeah has access to most major thoroughfare - linked by I-95, I-75, the Palmetto and Sawgrass Expressways, and the Florida Turnpike. It is home to Hialeah Race Track and rich with investment opportunities for apts, homeownership, retail and the manufacturing sector. Mayor Julio Robaina serves as strong mayor. His vision to encourage business growth and quality of life for the residents maintains the City of Hialeah as one of the most desirable and stable community in Miami Dade County. See all the details at www.hialeahfl.gov

4/29/2010

Investment Bank Braclays Predicting A Rise In Foreclosures

Braclays Capital Investment Bank conducted a study that shows foreclosed homes owned by banks, Fannie Mae, Fredie Mac, and other mortgage investors topped a the end of February 2010 at 480,000.

The same study also shows that housing inventory will rise further over the next 20 months and should peak at 536,000 homes in January 2012. It also expects 1.6 million sales of distressed properties in 2010 and 2011. Foreclosures should start declining to 1.5 million in 2010, with about 30 percent of all home sales this year and next year to be foreclosure related. In a normal market only 6 percent of sales are realted to foreclosures.

Assuming unemployment declines to 8 percent within the next two years homeprices should also fall another 3 to 5 percent over the same period of time.