Dec. 31, 2006 - What Will Happen to Real Estate in 2007?

Real Estate Predictions for 2007

I suppose one needs to reflect upon the past to ponder what might come tomorrow. I'm thankful that this past year was one of professional growth for me. I continue to establish myself as a Realtor of choice, here in Somerset, NJ.   I completed the certified E-Pro program, started this blog, expanded my network of fellow Realtors and increased the ranking of my website on several major search engines.  Continued real estate education and certification is high on my agenda for 2007.

Browsing the Internet, I came across Elizabeth Weintraub's, of About.com, predictions for the 2007 real estate market.  It will be interesting to revisit these predictions this time next year to see which (if any) of Ms Weintruab's thoughts hold to be true. They are as follows:

1. More single women will buy homes than ever before

2. Home prices will remain soft

3. Agents will negotiate record numbers of counter offers

4. Buyers will pass overpriced homes

5. Buyers will demand upscale features

6. Sellers will hire home stagers

7. Agents will take overpriced listings

8. Virtual tours will gain popularity

9. More than 59% of listings will featgure a price reduction within 30 days 

10. Buyers will be more selective when choosing an agent

I must admit that a few of these predictions are already trending and I believe they will carry over into the new year.  Read more of Ms Wientraub's post on About.com

Good will to you and your loved ones.  May the New Year bring you Peace, Health and a Satisfying Real Estate Transaction, whether buying or selling.

HAPPY NEW YEAR!