This Month in Real Estate Newsletter and Powerpoints for November 2009
Budding signs of recovery continued last month. The encouraging news arrived in a number of closely followed economic indicators. On Thursday, October 29, the U.S. Commerce Department stated the country's recession has officially ended, at least as leading data indicates. U.S. GDP expanded 3.5 percent in the third quarter, the first period of quarterly growth in more than a year. A strong bounce in housing sales activity in September, mainly due to first-time buyers' efforts to claim the tax credit before it expires for November 30, pointed to stabilization in the housing sector. And more good news this week as an extension and expansion to the Home Buyer Tax Credit made its way through a congressional vote and has officially been signed into law by the President. The recovery will continue to develop in small steps. The Recent Nobel Prize winner in economics, Paul Krugman, praised the progress, stating the most severe part of the crisis has now subsided and “the end of the world has been postponed.” Moving forward, trade imbalances and mounting levels of government debt, as well as high levels of unemployment, will need to be addressed. For now, governments including the United States will continue to provide stimulus support until the major economies are firmly on solid ground.This Month in Real Estate Powerpoint for U.S. Market November 2009
This Month in Real Estate Powerpoint for Canada Market November 2009
Related Posts From This Month in Real Estate:
This Month in Real Estate VIDEO Report For Canada Market: November 2009
This Month in Real Estate (U.S. Market) SPECIAL EDITION: The Updated 2009 Homebuyer Tax Credit
This Month in Real Estate Video Report & Powerpoint for Canada Market – October 2009
This Month in Real Estate Video Report for U.S. Market – October 2009
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