What will happen for 2006 in Real Estate
Author: Skia
Category: Real Estate
1) Google’s new Base service, which enables people to upload content to the Web - similar to self-serve classifieds listing service - will be a big hit and completely rearrange the online listings and lead generation landscape for real estate, marketing and media companies.
2) A cooler housing market will shake tens of thousands of real estate agents out of the business.
3) The U.S. Justice Department’s case against the National Association of Realtors will reach a stalemate, pending another industry-wide lawsuit over the copyright of property listings data.
4) A few major real estate brokerage companies will pull their property listings from the traditional multiple listing service and create their own private MLS, fully equipped to capture and manage online consumer inquiries.
5) A handful of major traditional brokerage companies will open alternative, discoutn channels in addition to their full-service options to diversity their business and capture the whole gamut of consumers in a changing marekt.
6) Interest rates will steadily climb, but remain low enough that a wave of homeowners with aging adjustable-rate mortgages will refinance into long-term fixed-rate mortgages, creating another boom for the mortgage and title industries.
7) Wal-Mart will open an online home-ordering business, much like Sears’ catalog homes of the early 1990s.
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