Lethbridge Real Estate Picking Up Steam?

After a very slow winter season, April has seen a substantial rebound in Lethbridge real estate. While some of the increased activity can be credited to the onset of good weather; the real driving force is undoubtedly the historically low interest rates and lower house prices.

For the first time in two years, many Sutton real estate agents are finding themselves involved in multiple offer situations. Homes are selling in shorter time frames and for higher prices. If things continue that way, it could be a very active real estate season in Lethbridge.

The last recession in 2001 was ended by a property boom which was caused by rock bottom interest rates. Could we see the start of something similar this year? It is anyone’s guess at this point, but there is no doubt that the spin-offs of a healthy housing market are enormous, and benefit numerous local trades’ people and manufacturers alike.

With house prices down compared to last year and the cost of financing being as low as possible, it is easy to get excited about the prospects for real estate in 2009.

This information is brought to you by Allan Miller of Sutton Group Lethbridge.
For more information about buying or selling Lethbridge Real Estate, please view my primary web site www.TeamMiller.ca or e-mail me at info@TeamMiller.ca

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Published in: on April 8, 2009 at 10:35 pm  Comments (1)