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housing news: Real Estate Outlook: Growth Remains Sub-Par - 12/01/10 04:06 PM
The National Association of Business Economics' latest report has revealed that projections for GDP growth remains in the first quarter of 2001 remains "sub-par". Concern about federal debt, unemployment, and business regulation ruled the NABE panel, causing experts to forecast only moderate growth in 2011.
The NABE also reports that "consumer spending is expected to remain modest throughout the forecast horizon due to weak job gains, persistently high unemployment, and negligible growth in household net worth."
On the bright side -- the chances of the economy slipping back into recession are considered low.
The housing market, however, continues to struggle. The National Association … (0 comments)
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housing news: A Housing Analyst's Top 10 Forecasting Tips - 11/29/10 02:43 PM
Keeping track of Canada's volatile housing market hasn't been easy during the last several years. After almost a decade of extremely strong growth, the market took a dive during the recession. In 2009 it roared back and made up everything it had lost, catching most observers by surprise. Then 2010 was a tale of two markets – busy and active during the first half, then dropping into a stable, calmer state in the second half of the year.
Adding to the confusion is that everyone in the housing industry issues monthly reports and forecasts – the local, provincial and … (0 comments)
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housing news: Equilibrium Communities Initiative: Your Start Point? - 11/23/10 01:53 PM
In 2009, housing activity, including new home construction, and the sale and renovation of existing homes, contributed C$307 billion to the economy. According to the 2010 Canadian Housing Observer, a publication released by the national housing agency, Canada Mortgage and Housing Corporation (CMHC), this housing activity was more than one-fifth of Canada's total gross domestic product.
Since housing represents such a significant segment of the national economy, the lack of a national housing policy seems strange, but through CMHC the federal government does keep itself associated with many community-based housing initiatives. By announcing CMHC's involvement in promoting these projects, the federal … (2 comments)
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Miro Fitkova
Boston,
MA
More about me…
Fitkova Realty Group
Address: 1318 Beacon St., Suite 16, Brookline, MA, 02446
Office Phone: (617) 232-3220 x 101
Cell Phone: (617) 921-9952
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