Out with the New, In with the Old?

The National Association of Realtors just released its ‘official’ predictions for 2007. Take from it what you will, but some overarching trends seem to be right on the money.

Numbers aside, the NAR predicts that while sales of new homes will continue to decrease dramatically (in some areas as much as 10%), the sale of existing homes should begin to jump. One reason for this may be the overzealous development projects started during the building craze that are only now entering the much chillier market.

So, in the interest of making money even when times are tough, the smart investor, home buyer, or realtor would be wise to invest in established or renovated communities. The use of real estate website and idx tools and other real estate development solutions will therefore become all the more important for both the amateur and professional real estate investor to stay in the black.

As always, learn more about what’s going on in the market, here in the Pacific Northwest and around the country with our exclusive Seattle real estate news.

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