real estate industry analysis: What "Double-Dip" Recession?
- 11/16/11 04:29 PM
According to the IBISWorld: Real Estate Sales & Brokerage Industry Report and Analysis, the "double-dip" recession scare is unfounded. Industry analyst forecast the real estate industry to grow at 5.5% annually.
"The industry is expected to return to growth in 2011, as revenue increases by 3.6%. The return to growth will be driven by improvements in the real estate market. Industry growth is expected to gradually increase over the five years to 2016, as fallout from the subprime crisis dissipates and real estate demand and prices rise...As a result, revenue is expected to increase at an average annual rate of … (4 comments)
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