Header Flash Element
RSS Feed

Housing Price Conflicting Information

I’m not sure there’s been a time in recent memory where there has been so much conflicting information for the average consumer.  Are house prices rising or falling?  Are there more jobs or fewer jobs?  Is the economy growing or shrinking?  Is America recovering or disintegrating?  Every Economist, Realtor, Mortgage Broker, Lawyer, Welder, Teacher, all have an opinion on where things are going.  Today in the news it was forecasted that the strength of the economy was overrated, and that it will fizzle out over the next several months and the recovery is going to take some time.  In effect it appears to me that it’s like a car crash where a pedestrian is smoked by a car, ends up in the hospital and the Doctor initially says “Ahhh, it’s just a flesh wound” but soon realizes that all the victims organs were crushed.  The recovery might be longer than initially stated!

Here in Calgary, we have seen resurgence in Real Estate activity.  We are optimistic that this will continue—as long as people see work in front of them, things will continue.  Interest rates will remain low for at least another year, making purchases all the more affordable for the average consumer.  Tomorrow we might feel differently, but for now…


Recent Blog Entries

Secondary credit card user a nobody I read an article recently about a woman who was married for 22 years, she...
Alberta MLS sales to top country... Alberta’s economy continues to outpace the rest of country; Alberta...
TSX flat on lower commodity prices... There is a much happening in Canada and the world today! Osama bin Laden...