The Globe & Mail’s latest boost to the collective economic idiocy quotient comes to us, courtesy of Carolyn Ireland’s latest piece entitled: Real estate gets the Obama boost. Several commenters have already pointed out that the article has no clothes, and I figured I’d do the same.
While the United States basks in the warm glow of a new president-elect, many Toronto real estate agents have noticed a pickup in sales in November after a truly dismal October.
Jeffrey McCann, a real estate agent with Sutton Group-Bayview Realty Inc., says Barack Obama’s rise to the Oval Office appears to be one reason people are feeling more sanguine.
“There’s definitely more momentum in the market,” he says. “I think there has been so much negative news out there that anything positive has no border.”
It could just as easily be seasonality, as people try to get into homes before the cold hits. The increase in sales coincides with falling prices, which basically means prices are falling in order to “clear the market”.
{ 2 comments… read them below or add one }
Hey, awesome website. I actually came across this on Google, and I am really happy I did. I will definately be coming back here more often. Wish I could add to the conversation and bring a bit more to the table, but am just absorbing as much info as I can at the moment.
Thank You
Houses for Sale in Drogheda
Hey, very nice website. I actually came across this on Google, and I am happy I did. I will definately be returning here more often. Wish I could add to the post and bring a bit more to the table, but am just absorbing as much info as I can at the moment.
Thank You
Property For Sale Ireland