Year of The Dragon Real Estate Prediction

 

Happy Year of the Dragon!  With the arrival of the Lunar New Year, the Chinese zodiac turns its sights to the the Dragon.  Of all 12 signs in the zodiac, the dragon is thought to be the most auspicious and powerful of them all – and typically associated with prosperty.  Because this year is the year of the water dragon, which only occurs once every 60 years, it’s considered even more auspicious than ever.

According to the Economist, this year is expected to bring a slight boom to the housing market China.  For those who subscribe to the Chinese zodiac and other similar customs, they have put off significant life and financial events until the Year of the Dragon.  Many are expected to wed under the Dragon year and with that, purchase a house.

As Chinese new year approaches…, tens of thousands of couples are preparing to marry under what is considered an auspicious sign. To win over a bride in a country undersupplied with women, it helps a lot if the aspiring groom first proves his worth by buying a home.

While being a homeowner isn’t a usual pre-req for finding a mate here in the states, the Year of the Dragon may influence buying decisions of some in the Asian American community. 

Looking to buy or sell your home in Santa Monica? Contact Stacey and Megan Valnes from Sunset Park Realtors for all your real estate needs!

Happy Chinese New Years!

Source: SF Gate