The U.S. housing slump drags on several countries speaking on international investment in property, due to the weakness of the Dollar and progressive loss of jobs since 2007. USA with an average age in the 50’sa after the baby boom, I must be spending his golden age and beginning to plan the withdrawal of millions in nearby countries. This was the key idea why nearby countries to the USA began to build holiday complex overlooking this group Bomers Baby! countries like Panama, Costa Rica, Mexico and some others this was their idea key to selling their multimillion-dollar projects the market mostly North American and European, which has become a nightmare for many companies that are in a situation in which they have not sold or its minimum. The big question is when it will end the crisis? and if the change of government could solve it quickly? 6th Key points at which the housing market worsened in the next 2009 number currently on the market for sale have not been sold and most Worse catastrophe the foreclosures or homes that are not currently paying their mortgage and will be repossessed in the future, these properties exceed 7 times the current foreclosure or foreclosed homes and will need a minimum of 8 months to be repossessed by the bank, the more time after being repossessed, are sold. .
. According to Chris Williams Madison Capital, who has experience with these questions. . calculated half over 14 months for the North American market with these numbers we go to 2010 (until the foreclosures market is not selling prices may continue to fall logically) rising unemployment and destruction of jobs in consumer distrust real estate sector financial institutions in the U.S. have changed the system of mortgage loans with a reduction of over 60% in the money supply. aid plan of 750 billion dollars of government Americans according to the best economist is only a needle in a haystack where the problem is greater than anticipated. The doors of a U.S.
recession could be a reality if the market does not change in a different direction and create jobs. My personal opinion is these factors: that the market will remain in the low real estate prices until early 2010 which is not stabilized but did not rise. On the separate states in the U.S. you could see clearly that cities like Miami or Las Vegas, which was based on its economy without industry Turim base and the housing bubble was almost a movie idea fiction, would be the first to fall which have fallen sharply stronger than expected with low estate of more than 60% not saved even cities like Detroit industry has been hit hard due to the decrease in sales of cars and high unemployment Chicago and New York even with this crisis and falling property prices the market is moving rapidly talking in terms of home sales and is expected to be solid and safe market to invest. To read more click here: William G. Ferrell. California, depending on the areas has been hard hit, surprisingly real estate being sold multimillion easier than those without.