Moodys predict hard crash in real estate markets in certain hot regions
Karen Johnson
Oct. 4, 2006

California, Florida and the Northeast crashing hard as investors are forced to liquidate fast. Investors hold 40% of the properties in these regions. The investors are running for cover.

According to Moodys, these regions are in the process of crashing.

Increased mortgage applications in recent report just shows that the existring home owners who bought homes with interest on ly mortgages and with negative amortization are running for cover too.

The real estate market is expected to correct 30 to 50% in the next three to five years.

Moodys predict hard crash in real estate markets in certain hot regions
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