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December 16th, 2001: Wall Street Journal This Morning Real estate firm's predictions for 2006, including electronic tours Real estate firm and discount real estate broker ForSaleByOwner.com released its list of predictions of real estate market including 10% of home sellers used a discount method in 2005, in 2006 it is expected that ForSaleByOwner.com's business will expand. The number of working realtors will decrease in 2006 due to slower home sales. New construction costs will rise in 2006 due to the volume of materials marked for hurricane victims. Spending in 2006 on renovations is expected to increase to offset higher energy bills. Relocations are expected at record rate due to mudslides, hurricanes in the Gulf Coast, Florida and California; military relocations are expected in towns like Colorado Springs, CO due to the closures of U.S. military bases. The number of online open houses are expected to increase, in 2006 consumers will be able to log on to view real-time virtual open houses featuring video tours and online question and answer sessions. |
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