The overall housing market is showing positive signs of recovery. What are these signs and will the Kelowna real estate market follow suit?

1. Kelowna Real Estate Market
Update
Kelowna Real Estate Housing
Boom by 2015?

2. Overall Housing Market Showing
Signs of Recovery…
• The housing market has been showing
several signs of recovery, including
home prices and home sales on the
rise, new construction up, foreclosures
falling, and mortgage rates near record
lows.
• Some economists are getting very
bullish about the housing recovery and
even predicting that the market will
return to its “boom” level days in just
three years.
• Will Kelowna real estate follow suit?

3. Recent Barclays Capital Report Predicts
Prices Could Return to Peak by 2015
• Barclays predicting house prices to increase by 5% - 7.5% per year

4. Stephen Kim an Analyst with
Barclays says…
• "In our view, the housing market
had undergone a dramatic over-
correction during the prior five
years, resulting in pent-up demand
for housing purchases that would
spark a rapid rise in housing
starts,"

5. New Home Construction Expected
to Rise 20% or More..
• Home construction is also
expected to soar, rising 20 percent
or more a year for the next year,
according to some economists’
forecasts. The new-home market
could return to its pre-bubble
average of about 1.5 million new
homes a year by 2016,
CNNMoney reports. That would
double the construction level
expected this year.

6. Roger Altman of Evercore Partners
says…
• "That turn in the [housing] market
is occurring now and it should
become a boom by 2015,”
• What will the
Kelowna Housing Market do? Will
it follow suit?
• Time will tell…