Tuesday, January 16, 2007

Which trend in 2007 do you think will most affect your business and why?

Everyone's putting out their best guesses for what 2007 will look like. Do you know how the different trends might effect your business?

The Realestatejournal.com (part of Wall Street Journal) says “Home Prices Expected to Rise,Sales to Drop Slightly in 2007”.

In its latest forecast, the NAR said sales of existing homes are likely to decline about 1.2% this year to 6.42 million, following a sharp drop last year, while sales of new homes are seen falling about 9.7% to 957,000.

Which trend do you think will have the most impact on your business?

Will it be:

* Interest rates

* Higher inventories

* Longer Days On Market

* Consumer demands

* Other ____________?

Which will impact you?

Thanks for sharing, next week we'll discuss stumbling blocks to success.