Signs of recovery in the US economy and housing market are stronger than expected, but the belief the housing market may begin — or already has begun — to double-dip still exist.
US economists at the Toronto-based Capital Economics believe the overall economy won’t double dip, but that after months of improvement, the housing double-dip has begun. But even if the rest of the economy continues to grow, if your profession is tied to real estate, there’s room for concern.
So we pose the question:
Based on the performance of your business and what you believe will happen during the remaining months of 2010, do you expect your real estate business to double-dip this year?
Do you expect your business to double-dip?
- Yes. But new growth won't return until mid-2011 or later (43%, 18 Votes)
- No. My business will continue to grow in 2010 (29%, 12 Votes)
- Yes. Things will never get back to mid-2000s levels (17%, 7 Votes)
- Yes. Growth will resume at the beginning of 2011 (11%, 5 Votes)
Total Voters: 42
Loading ...Don’t forget to tell us why or why not in the comments!
Comments
3 Responses to “Do you expect your business to double-dip?”
Steve Germond- 3:39 PM July 26, 2010
I anticipate increased commercial REO activity in our market while residential REO levels remain constant until mid-2011.
Patrick McNamara- 8:42 AM July 29, 2010
I expect the inventory that lay dormant on the bank books will hit the market with vengeance Jan 2011, after elections are over and will cause the market to remain flat for at least 24 months. While good for votes and PR, Govt. intervention will once again prove to hurt the market, not improve or stabilize it.
Darhlene Zeanwick- 3:58 PM July 29, 2010
I had hoped for more "fair market" sales by now but it seems that normal sellers in central Florida have given up. So, for the last two years, I have been working primarily in BPO's and REO's. I was hoping it would've been a temporary thing, but alas I must expand. These types of properties provide stablity for me in an otherwise volatile market. I look forward, though, to seeing more "fair markets" back in inventory by the end of 2011.
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