What will you worry about in 2007?
If you’re worried about the impact of interest rates on real estate this year, you have good company.
REBusinessOnline.com asked readers which they thought would have the greatest impact on the industry in 2007 - interest rates, energy costs, war or security. More than 68% believe interest rates will have more of an impact on the industry than energy costs (19%), war (6%) and security (6%). Readers generally agree on the correlation: rising interest rates will have a negative effect while falling or stable rates will have a positive effect.
Some readers introduced their own concerns, among them insurance costs, construction costs, taxes, job security and the economy.
