What Analysts Are Saying About Foreclosures

According to CNN, new home sales are still in the historic lows bracket, but existing home sales did increase. However the real estate market is still relying a lot on employment and unemployment. If people can’t find jobs they aren’t buying homes, and people who are out of work can’t hold onto their homes. According to CNN, the local Atlanta moving specialists learnt that almost 1 million homes will be repossessed this year and analysts are all singing a different tune with each their defferent methods of studying the real estate market. For example, the Atlanta movers learnt that Morgan Stanley reported that about 3.1 million borrowers are seriously delinquent with many of them expected to lose their homes. Chief economist with Moody’s Analytics said over 4 million are in trouble with half of those to go through with foreclosure. Amherst Securities estimates 11 million homes being in danger of being foreclosed on and LPS Applied Analytics said serious delinquencies will continue to increase and will not return to even rates until late 2012-2013.