USA will likely help the already rising Real Estate Market in the Okanagan Shuswap

The GDP (Gross Domestic Product) in the United States contracted 2.1 % in 2013. This was the last year of downturn. In looking at the growth so far this year, economists are projecting a whopping 4% growth in GDP in the US for 2014. Growth was driven primarily by stronger consumer spending. Americans are the greatest consumers of the world which continues to guarantee their recoveries even after their train wreck in the last half decade.  The housing inventory is coming down which will drive prices and the Real estate market up which will only positively effect our market. The BC Real Estate Association cautions that this estimate may be adjusted down in the last 2 quarters of 2014 but it will definitely be a strong improvement over 2013. The predicted recovery continues. 

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