This Just In!! What's In/Out for Homebuyers in 2007
What's In, What's Out with Homebuyers in 2007 by Mark Nash The housing correction. My prediction in the 2006 "What's In, What's Out" I forecasted a soft decline in home prices in most markets. In 2007 I project a 5-8% decline in prices on average between single-family and condominium homes. Homes that are priced right. It isn't the boom market of 2005, look at only the sold comparable's from the last six months. Forget the cocktail party chit-chat when all you heard was record prices in the shortest market times in U.S. real estate history. Online home valuation sites ( Zillow.com). Mainly those that utilize up-to-date and reliable home sale data. Technology is great when it works, but tread carefully with online valuation web sites. Ask yourself how long does it take your recorder of deeds and real estate transactions to record them? If up-to-the-minute, okay, otherwise plan the lead time into the online valuation to spew out accurate information. Mar...