Housing Predictions 07

Happy 07 in Silicon Valley

What can we predict for Valley Housing Market? Perhaps - perhaps not but here I go

1. Buyers are going to realize that no matter what, the market in the Valley doesn't shift significantly because at the end of the day there is limited land to develop and limited possibilities for construction.

2. Sellers have seen a run for their money and if you bought in a good school district you still have a good chance of multiple offers even in a down turning market

3. New developments are going to slow down. This market is going to hurt in 07 - and maybe you as the wise investor will get a deal in a new development but you will have to be prepared to keep it longer than we've seen the last few years. You will see more offers and incentives from developers.

4. If you price your home too high - guess what it's going to sit and sit! And we all know what buyers think of a stale home - "somethings wrong with it".

5. FSBO is becoming a dirty word - buyers are realizing it's risky dealing with them as well as 1% commission deals. You get what you pay for.