August 25, 2010
Strategies for Changing Market Conditions
Did you know that shifting conditions in the real estate market can create opportunities? For example, sellers who adapt their prices to changes in the market can capture demand while others sit on the sidelines. Some experts say that this fall could be a great time for buyers to acquire well-priced properties. The market should be fairly balanced for both buyers and sellers. Professor John Andrew, a real estate expert at Queen’s University, is bullish on long-term home ownership. When prices rise, the gain on a principal residence is tax-sheltered and the principal residence is also a great destination for forced savings.
