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by CareyBot

Housing costs were a frequently discussed topic in 2006 as markets slowed from explosive highs and everyone from consumers to brokers to agents became acutely tuned to their own expenses. Here are some predictions from the Inman News team on what will happen to housing costs in 2007: 1. Home prices: Not up, not down -- flat is the operative word for home prices. 2006 was the year for adjustment, and adjust they did: they stopped rising as fast as the price of oil. Without easy money, without ridiculous hype and without speculators, 2007 will see further erosion of home prices. 2. Rents: Landlords are finally having their day, as home ownership loses some of its luster. Rental vacancies are tightening up and property owners can finally push up rents. 3. Real estate commissions: The Intern...