2) Short Sales & Foreclosures Will Increase
3) Interest Rates Will Stabilize
4) More Investors Will Enter the Market
5) Related Businesses Will Close Doors
Mortgage companies, appraisers, real estate agents, builders, construction-related industries, title companies and escrow companies will either close doors or consolidate to compensate for the slowing markets of 2006 and 2007. Those that do survive the slowdown will reduce staff.
6) Buyers Will Write Lowball Offers
7) Advertising Will Move Online
8) Inventory Will Increase Before Sharply Dropping
9) REOs Will Refuse to Pay Some Closing Costs
10) Flood Insurance Rates Will Escalate
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