• Tweet
• Email
• Sharebar

• Tweet
• Email

Despite what many people will talk about at the coffee shops or hockey rinks the housing market in 2009 will be stable.  We do expect a slower start to the market that will keep activity low but by the latter half od the year we will see more steam come back into the market.Buyers are out there and the deals are getting better, eventually they need to surface.  In fact I believe especially in Calgary that we could see a resurgence of first time home buyers as the affordability index has improved by approximately 35%  over the past 90 days alone.  When you look at continued flatter prices, and the prospects of lower payments due to reduced interest rates in Q1 2009 then first time home buyers need to get out there.Why?  Because interest rates will go back up when the economy recovers by mid next year, and as we mentioned earlier the market will heat up in the latter half of the year which will see less choice, and potentially higher prices as the housing market stabilizes in it’s own recovery.

No Comments

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment