Bleaker And Bleaker

Hey team, this was just released today and if you're in to stats and figures like I am, I thought you might be interested.

The news just keeps getting worse and worse for the American real estate picture, which means it keeps getting better and better for Canadians looking to buy U.S. real estate.

Just a couple of hours ago, a new survey was released and it makes for interesting reading.

From Webwire:

"Standard and Poor’s U.S. credit downgrade seriously shakes the confidence that a recovery in the U.S. real estate market will develop, according to a new Housing Predictor poll.  More than 2 out of 3 respondents said that the S&P downgrade shakes their confidence that a recovery in the housing market will develop anytime soon.  Visit Housing Predictor for full details on the poll.

Housing Predictor tracks more than 230 local housing markets in all 50 U.S. states, forecasts markets across the country, regularly surveys visitors to its website on issues related to real estate and keeps visitors up to date on real estate news and mortgage rates."

The perfect storm continues!  This is the time.

On fire!

Steve