11/3 Global Real Estate & Investment News from Propertyshowrooms.com

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Global Real Estate & Investment News from Propertyshowrooms.com US boosted by end of recession October 30, 2009 at 8:00 pm The US economy is now growing again, official figures have shown. Statisics from the Bureau of Economic Analysis (BEA) have provided an estimated figure of an annualised increase in gross domestic product (GDP) of 3.5 per cent in the third quarter. This follows a 0.7 per cent decline in the previous three-month period and means that the country where the credit crunch began is now no longer in recession. Such a situation could boost those keen on buying property in the country, as a broader economic recovery could help lead to a rise in values, particularly when growth starts to bring unemployment down. The extent of the expansion exceeded the estimate of many economists, with the median estimate of the 79 experts polled beforehand by Bloomberg being 3.2 per cent. Further economic data will become available in due course and enable a revised GDP estimate to be produced on November 24th, the BEA noted. US "turning the corner" October 30, 2009 at 8:00 pm The property market in the US is "turning the corner", according to one expert. Director of property firm Mayfair International Realty Annette Reeve said that there is now an "overwhelming" feeling among both British and American estate agents that things are getting better. People feel "the bottom has probably been hit and they are starting to go up the other side again and that it is a good time to buy," she remarked. Florida could be one place that benefits over the next few months, as people tend to visit the state more between November and May, Ms Reeve noted. Such comments come in the wake of further signs of rising property prices in the Standard & Poor's/Case-Shiller Home Price Indices, which were published this week. The ten-city index revealed a 1.3 per cent rise in house values in August compared to July, while in the 20-city index the increase was 1.2 per cent.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.