Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

5 of 5
Market reports
Homebuyers wondering what the future holds for their investment can turn to Cyberhomes for a market report. The service, which costs $9.95, provides projections for specific neighborhoods and includes 12- and 24-month price-change forecasts. It also reports the number of distressed, foreclosure and REO properties within a ZIP code and then compares that to the rest of the metro area and the state.

The report also estimates the strength of the local market and how the volume of sales will change over the next 12 months.

The site introduces an element of logic to a transaction that's often fraught with emotion. Homebuyers often act too quickly when they find houses they like, leading them to overpay.

So if the market report tells them that prices may be in for a sharp fall and more homes are coming onto the market, they may slow down and make a more informed offer. If, on the other hand, the report shows the market heating up, they may conclude that a quick offer can save them some money.

"In today's market, an understanding of the future direction of property values and inventory levels are key factors," said Jay Gaskill, president of Cyberhomes.

More galleries
Last updated June 29 2009: 3:52 PM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Ralph Lauren's many looks A look at his brands and iconic creations More
8 biggest job killing companies of 2015 Whole Foods became the latest corporate giant to lay off workers. Here's a look at the companies that have announced the most jobs cuts this year. More
America's best beer towns Here are the best cities to crack open a cold one and celebrate Oktoberfest, according to Trulia. More

Special Offer