The recovery in CREB’s real estate market continues to be a slow one. The unemployment on tightened mortgage rules have had an impact on slower sales through out the year, and August was no exception. While we anticipate stronger Fall markets, consumer confidence continues to have major impact on the activity in the market. It seems as if every time we gain some momentum, the media releases a story that creates some uncertainty resulting in a slow down.
The economic indicators all suggest that the recovery will continue and we are seeing migration back into our City. However it still remains so important to do proper due diligence to educate our clients to help them make the best choices for their situations. The market continues to have busy areas along with the slower ones so buyers and sellers need to have realistic expectations with in the markets they are buying and selling in.