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News: New website to predict house prices throughout US

A new website which forecasts housing markets in all 50 U.S. states has been launched, providing forecasts for more than 250 local housing markets...

Housing Predictor.com was launched after more than two years of exhaustive research and development. The website is the first of its kind to provide real time housing market forecasts for local markets throughout the nation.

HousingPredictor.com claims that the launch represents a break through for consumers, who have long demanded dependable timely information on housing markets in order to better gauge buying and selling patterns in their local markets.  More than 80% of all buyers and sellers of real estate now go to the internet first to conduct research.

News organizations typically provide economists forecasts on markets on an irregular basis. Housing Predictor provides regularly updated forecasts on local market conditions in more than 250 markets scattered throughout the U.S.

Mike Colpitts, founder of Housing Predictor.com said: “We are the first to provide up to date information in real time forecasts on local real estate markets in just about every sizeable community in the nation. As we grow we will be adding more local markets.”

Two years in the making

Web developer Mike Colpitts, who has developed more than two dozen sites produced the website with a staff he assembled. Colpitts background as a former journalist and real estate agent provided the vision to develop the site. The internet developer worked as a newspaper and television journalist before entering real estate sales. However, the call of the rapidly growing internet grabbed his attention as the new source of the information highway.

Housing Predictor forecasts local U.S. housing markets. Median prices representing the midway point of real estate markets, where half of the homes sell for more and half for less are provided for each local market.

Forecasts are provided through an exhaustive analysis of information collected from a national group of more than 1,400 sources on an on going basis, including regional economic and political influences.

Real estate experts available to answer your questions online

The site features an easy to follow format, providing summaries of each state's markets and a break down for each state highlighted as “Markets At A Glance.”

Housing Predictor will also be adding interactive features, allowing visitors to ask a real estate expert questions live with cutting edge technology.

The site also includes the Top 25 Forecasts for housing markets in 2007, and will soon release its Worst 25 Markets Forecast in the U.S. for 2007. Housing Predictor also features tips on buying and selling real estate and the latest information on how to obtain the best home mortgage or refinance.

Housing Predictor.com has now partnered with the USA's two largest providers of real estate listings - HomeGain and Foreclosure.com - to become the only web site to provide real estate listings as well as housing market forecasts.

After half a decade of booming real estate prices throughout the country, consumers are now worried about the state of the market in many areas, although housing prices in at least ten states are still rising.

Users should bear in mind that forecasts are not necessarily accurate, however.

SOURCE: ClickPress

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