Real Estate Report

Good morning I am back ┬áhere once again and I want to tell you that a lot has happened with the last two months I have been gone.There are couple of houses under construction which I was going to take pics of buy never had the chance to do it.Like there was this house near me which I thought I snapped a pic of but to my amazement I never took it since I wasn’t able to locate it in any of my files on my removable drives.But I wanted to say that there has been some progress made with the construction of the house.

But anyways speaking of houses,real estate has been down a bit with regards to sales since the economy is in a big recession and people have been losing their jobs and have had to put their houses up for sale.In fact oil prices have been down and I have to tell you that things are about to get worse in Calgary and maybe around the world because I have just heard word that China and Brazil have been suffering too and I have also been hearing that the USA is experiencing a real slow down due to oil prices as they are.So as I have seen in the last few months I have been gone from here the real estate market has been at a standstill but construction of residential and commercial properties have been at a all time high. Even real estate is suffering in the USA but not as frequent as I have seen here in Canada.But here in Calgary things have gotten worse in the housing market.

So it looks like even though construction has been going on here with regards to housing construction,the buyer ship hasn’t been high and with the low oil prices as they are this trend is going to increase.In fact I have been looking in this website which has houses,the houses I saw were still there on the site.So that has to tell you what the real estate market is like right now.It’s not good.

Well,that was my report for now and I will write another one two months from now just before I go out of town for Christmas. See you then.

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