Released on: December 11, 2007, 5:54 am

Press Release Author: Mary Geronimo

Industry: Real Estate

Press Release Summary: Seasoned Investors Can Profit As Well Aid The Homeowner In
Distress

Press Release Body: St. Augustine, FL-For some in the real estate industry, cities
earning high ratings on national analysts Housing Cycle Barometers is a clear
indication of a growing housing bubble.

Of the most populous U.S. metropolitan 84% are priced beyond their local market. In
the northwestern part of the United States, many states are experiencing mortgage
rates affordability levels 18% or higher than the early 1980's. Regions with
historical affordability levels are below or equal to their markets are in the
single digits. Home builder positioned in current and projected sales has suffered
a lack of confidence in response to well warranted sensitive and increasing consumer
concerns. The tangible uncertainty for the market of new single family homes is
telling according to industry data from the August 2007 Wells Fargo/NAHB Housing
Market Index. Two major factors that are affecting professional home builder's
perception of the current market: rising sales cancellations and substantial growth
in inventories of both new and existing homes. Analysis is confirmed by government
statistics February, 2007 was the seventh consecutive month in which builder
confidence, as measured by the CPI index has fallen. The NAHB/Wells Fargo HMI
gauges builder perceptions of current single family homes and sales expectations for
the next six months and then calculates a seasonally adjusted index where any number
over 50 indicates that more builders view sales conditions as good than poor. The
West saw a 10 point decline to 42. Around the nation, foreclosures have increased
more than 67 %. Non professionals have claimed that the use of less than creative
mortgage products proved financially fatal to some homeowners particularly in
California. Defaults also rose in the recently attractive markets of Las Vegas and
Phoenix where more than 25% of new home sales were going to out of state investors
who had no intention of ever occupying the homes they purchased. Foreclosure
activity had placed Denver Colorado into the top metropolitan areas with the
nation's highest foreclosure rates. In real numbers as recent as August, more than
11,000 properties were placed in Colorado. The reality is that there are solutions
that will profit the home owner facing foreclosure and distress property situations.
With a clear understanding of the simple pre-foreclosure rules, a well schooled
investor can profit as well aid the homeowner in distress. That's why it pays to
understand fundamental pre-foreclosure profit opportunities.

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Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
http://www.FreeShortSaleCourse.com

This Press Release has been submitted by PREasy.com


Web Site: http://www.FreeShortSaleCourse.com

Contact Details: Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email:mgeronimo@thejeffkaller.com