Distressed Properties Sale Articles

Citigroup Inc. has announced its plan to aid borrowers in stopping foreclosures and reworking mortgages—a big step for the second-largest US bank based on assets.

New York University professor Nouriel Roubini, the economist who correctly predicted the housing slump and the credit crisis, has predicted another 20-percent decrease in home prices in 2009. Patrick Newport of forecasting company Global Insight predicted a fall of 15-percent, slightly lower than Roubini’s figure.

Anywhere you look, you will notice that most local real estate markets are favoring buyers over sellers. But because of the current economic conditions, many buyers are still wondering if it is the right time to take the plunge. Of course, this is only logical considering the risks involved but if buyers check out the advantages they will most likely enjoy, then they should not wait any longer.