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The Housing Market of the
Future,
an article from
Realtor Magazine Online,
reports that according to
experts, new trends will
reshape tastes in homes
and change the way
agents buy and
sell. A survey of potential
home buyers conducted by the
National Association of Home
Builders showed 60% said
they would rather have a
smaller house with more
amenities than vice versa.
Gopal Ahluwalia, the NAHB's
vice president of research
said, "In the past, people
would say 'Give me space and
I'll add the features
later.'" Another change in
the housing market is the
way mortgage risk is
assessed. Experts say
eventually, mortgage pricing
may come to resemble pricing
for homeowners insurance,
which takes into account
dozens of factors.
Finally, with more
innovative real estate Web
sites available, everyone
now knows how much everyone
else's house is worth, and
consumers will continue to
have access to housing
information that was once
found only in multiple
listing services.
http://www.realtor.org/rmodaily.nsf/pages/News2008051203
Additional articles that you
may find of interest:
6 signs of an economic
rebound
http://money.cnn.com/2008/05/09/pf/rebound_predictors.moneymag/index.htm?postversion=2008051309
5 new rules for home buyers
http://money.cnn.com/2008/05/01/real_estate/new_rules.moneymag/index.htm?postversion=2008051213
No down payment? No problem
http://www.msnbc.msn.com/id/24580917/
Tool belts for hire as
remodeling jobs ebb
http://www.msnbc.msn.com/id/24526395/
Getting The Best Home Price
Data
http://realtytimes.com/rtpages/20080513_brodreport.htm
4 Must-Know Mortgage
Guideline Changes
http://rismedia.com/wp/2008-05-12/4-must-know-mortgage-guideline-changes/ |