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U.S. real estate market no longer a bust

Posted on 03 July 2012

Ian ShepherdsonNow just might be the time to buy that vacation dream home south of the 49th parallel. The loonie is still within sight of par, taking the bite out of the currency transaction. Add to that glimmers of hope for a turnaround in the killing field of U.S. real estate, where the average house price dropped 34 per cent from its peak in 2006, and you have a situation that may not come around again for many years — if ever.
Americans still feel pretty grim about their economy, spending and income. June marked the fourth month in a row that consumer confidence has fallen, according to the U.S. Conference Board………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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