A Stroke of Luck
Report released this month are indicating a possible easing of the pain that the real estate industry has been feeling. There is finally some positive fluctuation in the market, which could possibly indicate a recovery of the North American real estate market. For instance, a report released by Property Wire yesterday claims that Canadian market sales have grown 1.8% from November to December. This is a growing indication that the Canadian market may finally be starting its steady rise up to its former, prosperous self.
It would appear that the US market is also facing positive changes. An 11-month high in housing sales was recorded in December, combined with the lowest recorded supply of market listings, could finally mean that there’s a light at the end of the tunnel. Only time will tell whether these recordings are true indications of market growth and prosperity taking place in both markets, but one can only hope that they are.
According to this article, courtesy of CBC Money Watch, the US market is expected to have a growth of anywhere between 2% and 5%. Now, while these numbers don’t seem very impressive, not all change is instantaneous. There will definitely be more hard times ahead, but hopefully this growth is constant, allowing for a prosperous 2012 and even greater 2013.
photo courtesy of billaday
