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Posted by Yoofi Gerard Hagan on
Wednesday, December 16th, 2009 at 1:09pm.
What do you get when you have a economic meltdown meet a real estate boom? The result is an increase in the prices of new homes in the immediate Edmonton area. This is a good sign as well as a bad sign. The reason for this is because there are more homes for sale at slightly higher prices. The bad news is that people will not be able to afford these homes and as a result are not buying.
This is not the first time that this trend has occurred and will not be the last time it occurs. The housing market has a habit of turning itself around and as a result many times leads to there being a resurgence in the number of new homes being bought. Judging by the latest numbers to be released it is a safe bet that many of these trends are beginning to show themselves as being a turnaround.
If the current trend continues then the result will be that many in the real estate business will be busy for a long time in the near future as there will be higher demand for new homes. And all of this will equal a real good real estate market in the future.