Outlook 07

7 For '07: Diana Olick, Real Estate

By cnbc.com staff

There's no mistaking the housing slump for a much-needed market correction. Speculators are wary and sellers have finally accepted it is now a buyers' market, after years of soaring prices and bidding wars.

Diana Olick asks economists and mortgage lenders if the housing market’s landing will indeed be a soft one -– and whether it will make more sense to sell or invest in 2007. In either case, buyers will be looking at some bargains for most of 2007.

VIDEO0:0000:00
Real Estate Oulook '07

(And be sure to check out Diana's blog for her ongoing industry reports.)