Do you predict DETROIT and surrounding areas homes to continue to drop in price and if so for how many years.

think again).Now your costs are $44KLet's say that realistically your buyer offers $45K and you end up setting on $49K:Your profit is down to $5KAssume have at least a buyers broker in this deal and you get a discount so you pay 2% - $980Your profit is down to $4KAssume you have $200 in utilities, 2% of the deal in closing costs- another $980, and other ancillary costs-- call 'em $1000-- You're now under $2KMy prediction: You'll lose money on this deal.And if you're new, you will see DOZENS of deals with numbers like this, or worse.

Found an interesting article the other day that predicts that the decline in REO sales evidenced over the past year or so has bottomed out, and the trend should reverse to reach levels not seen in over a year, by the end of 2010.

What basis do people have for this prediction?

All three laid forth accepted scientific theories and made accurate predictions for objects on different scales.

we are always a year behind and can not accurately 'predict' what taxes will BE,, therefore when taxes go up it makes a payment go up double.

So, for example, the coming inflation many predict will have a huge effect (through interest rates) on home prices that people can afford to make payments on.Having said all that, if prices fell again I don't think they would release everything back on the market.

Silver's tough to predict on the spot market.

All these are just predictions.

•Security Mobile Home Parks have remained one of the most stable and predictable real estate asset classes.