As housing outlook brightens, sellers should be top priority

The peaks and valleys of the 2006 housing market were curious — perhaps even unique — but consumers and real estate professionals will probably experience a more consistent, positive environment in 2007, according to leading industry analysts.

National economists and pollsters, even the legendary Alan Greenspan who retired as chairman of the Federal Reserve early last year, also concurred that housing activity should pick up some steam in 2007.

“Most of the negatives in housing are probably behind us,” Greenspan said. “The fourth quarter should be reasonably good, certainly better than the third period.”

With real estate frenzy slowing, many boom trends will correct themselves

RISMEDIA, Jan. 24, 2007-The past six years or so comprised one of the hottest real estate markets on record in which the industry enjoyed tremendous growth. During this period the country experienced a buying frenzy fed by low interest rates, a plate full of new mortgages, bullish customer confidence, low unemployment, strong economic growth and excellent price appreciation.