This brief article synthesizes what a couple of demographic changes and economic events will mean to the real estate investor in 2013.
A 2013 Recovery
US recovery is happening but it is happening slowly. Averting the potential damage from the Fiscal Cliff has an extremely positive impact on real estate generally and has also had a positive impact on the Canadian Economy, which translates into a positive impact on real estate.
Gains are modest in most markets. This will continue to NOT be a flipper’s market characterized by high and quick returns. Investors in the residential market will generally see some reasonable monthly income and gradual appreciation. Investment pundits remain confident that real estate returns will continue to out-perform fixed income assets and offer stability in the wake of the ups and downs of the stock market. With a forecast...