I think that the majority of people have notices the changes that occurred to real estate market in past four years. Actually there have been many factors that have caused the United States housing market to crumble. There are many facts pointing on that, such as: housing prices have fallen substantially. Moreover credit crisis, bank lending practices, government mandates, and greed had a huge influence on real estate market. Many people are interested whether the year 2010 would be lucky for real estate.

Now let’s talk about some factors that influence real estate market nowadays.

Let’s begin with foreclosures factors. In spite of the fact that nowadays the housing market is still stifled by the huge inventory of foreclosed housing and must sell houses, the demand is really low. It implies that lots of people need to sell house fast and there are a lot of homes available at steep discounts. In addition, some of these bank owned properties are new homes that bank has had to foreclose on during the construction phase. Unfortunately according to the latest survey there are still more foreclosures to come. There reason is that many people still are unemployed or have had to take pay cuts to remain employed and have no ability to pay out their mortgagees.

The next consequence of a recession is a loss of home values.

It used to be many people have lived in a home for a few years then sold their property at a fairly good profit. Next they usually this profit to buy or upgrade to a better home. Nowadays the situation is opposite – banks are requiring larger down payments especially if one’s credit is less than perfect to qualify for a loan. Besides many home owners try to sell house fast in order to pay out their credits. In such situation a bank usually agrees to let a home owner sell the property less than what is owed on the property for them to help the homeowner to get out of a situation where they are over their head. These factors are not good for market recovery and they steel are going to happen in 2010.

After that let’s talk about the real situation on real estate market. To tell the truth the housing market will most likely show some promise of recovery only in spring of 2011. This is the time when jobs would start coming back. In consonance with expect foreclosures are going to slow down after August of this year and the number of must sell house would reduce. Still the buy companies advertising themselves as We buy houses Florida are going to stay on the real estate market for a durable period of time.