What "Double-Dip" Recession?

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Real Estate Agent with Fill-In-The-Blanks PDF Flyer Templates www.TurnKeyFlyers.com

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 5.5% to $118.9 billion in the five years to 2016."

Interestingly, residential construction is primed a prime indicator of the future positive outlook.

"Annual industry growth is expected to continue to rise throughout the next five years, due to steady improvements in consumer sentiment, spending and unemployment. Real estate prices are anticipated to recover as the demand for property increases.Residential and commercial construction is also projected to resume in the latter part of the next five years, as the real estate sector tries to meet increased demand." (IBISWorld US Real Estate Sales & Brokerage Industry Market Research Report, 2011)."

Based on the chard above, it look like mortgage rates are also forecasted to increase. Putting 2 and 2 together, it looks like now is the best time to start buying!

 

 

 

 

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Rainmaker
594,153
David Shamansky
Creative, Aggresive & 560 FICO - OK, Colorado Mtgs
US Mortgages - David Shamansky

I love the optomism and the attitude but I think those charts are a bit off, for sure on the employment anyway as it shows improvment since 09 and I see nothing of that anywhere.

November 17, 2011 12:43 AM
Ambassador
1,070,390
Bryan Robertson
Innovator, Writer, Speaker
Catarra Real Estate, Inc

The projections, and they were just that "projections", of a double dip recession were based on possible downturns in industrial output, consumer spending, and other factors.  If was all based on the idea that jobs wouldn't turn around and corporate profits would falter as a result.  Well, turned out the "experts" were wrong.

November 17, 2011 12:45 AM
Rainmaker
180,530
David Gibson
Colorado Springs, Castle Rock, Denver, Parker
Broker / Owner Colorado Home Sales LLC

Reuben,

Interesting forecasts but I don’t think they will happen. I see slow protracted growth for several years to come.

November 17, 2011 12:52 AM
Rainmaker
98,105
Reuben Fine
Fill-In-The-Blanks PDF Flyer Templates www.TurnKeyFlyers.com

Don't shoot the messenger! Lol... the report was dated April 2011 with a follow up due next month. I assume they're data is fairly accurate as they are an industry and scholastic reference source. Never the less, let's have some optimism here! Real estate is GREAT! YAY!

 

November 17, 2011 01:12 AM
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Reuben Fine

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