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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/