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Here's to a great 2007!

By Laurie Petranoff

Real Estate Agent with Suburban House Hunters

December 13, 2006 03:48 AM

I was reading the latest edition of Realtor magazine and was happy to see this article praising the coming year.

Existing-home sales are expected to rise gradually in 2007 from current levels, with annual totals slightly lower than 2006, while new-home sales will continue to slide, according to the latest forecast by the NATIONAL ASSOCIATION OF REALTORS®.

This is due to lower interest rates at the beginning of the year, however it is expected that interest rates will rise to around 6.7% in or around the fourth quarter of 2007 as opposed to the Freddie Mac reporting of a fixed, 30 year at 6.11%

I have been reviewing and tweaking my goal setting for the upcoming year (with the help of some blogs by fellow AR members) and want to wish everyone a successful and positive 2007.

Comments(9)

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Home Design

Alpharetta, GA

Home Design and Real Estate

I agree Laurie! We are setting up for a banner year in 2007!

Dec 13, 2006 04:11 AM

Laurie Petranoff

Suburban House Hunters - Lake in the Hills, IL

Jennifer and Eli, thanks for your comments. Here's to a bountiful 2007 for all of us!

Dec 13, 2006 04:21 AM

Glenn Ginsburg

A Delta Realty of Naples Florida - Naples, FL

Naples Florida Real Estate

Laurie - just keep a watchful eye on the pending sales on a monthly basis - up is good - down is bad. Also, hope that foreign investors hold and buy more 10 year treasuries - they have a direct link to the mortgage rates. It is one of the major reasons why mortgage rates have continued to be low. I can remember the old days of interest rates in the high teens.

Dec 13, 2006 04:22 AM

High teens. Ooh, I hope we'll never see that again. Thanks for the info, Glenn.

Dec 13, 2006 04:23 AM

David Spencer

Keller Williams Northland - Kansas City, MO

Show Me real estate in Kansas City

Keep your blinders on and repeat after me, "What down Market."

Dec 13, 2006 04:32 AM

I love it! I sure will! I'm not seeing it, that's for sure. Believe me, I am thankful every day.

Dec 13, 2006 05:09 AM

Jay Thompson

Jay.Life, LLC - Aransas Pass, TX

"I have been reviewing and tweaking my goal setting for the upcoming year"

Something we ALL should do. And be sure to revist those goals periodically!

A world record for blog commenting!

http://www.ThompsonsRealty.com
http://www.PhoenixRealEstateGuy.com

Dec 14, 2006 12:47 AM

I just wanted to say Happy New Year to all of my fellow agents out there. I truly wish you all the best for 2007!!!!

Dec 30, 2006 04:21 PM

Thank you Laurie and hope you have a truly great 2007! Also, listen to Ken. He is a very bright person with some great ideas and thoughts. IMHO - pearls of wisdom drop from his lips. Gather them.

Dec 30, 2006 11:25 PM

Here's to a great 2007!

Comments(9)

Laurie Petranoff

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