Another great article from About.com which is about the “Top 10 prediction for home buyer & seller in 2007â€Â.
Based on the current real estate market, economic facts and trends of 2006, here is the prediction from Elizabeth, About.com:
1. More Single Woman 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 by overpriced Homes
5. Buyers will demand upscale features
6. Sellers will hire Home Stagers
7. Agent will take overpriced listing
8. Virtual Tours will gain popularity
9. More than 50% of listing will feature a price Reduction within 30 days
10. Buyers will be more selective when choosing an Agent
Source : About.com
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