2012 Year of the Dragon Will See Increase in Home Buyers and Newlyweds

blue lion by Paxsimius

Happy Chinese New Year of the Dragon! The Chinese Lunar New Year brings in a new zodiac sign the Dragon. Of all the 12 signs in the zodiac, the dragon is believed to be probably the most prosperous and powerful of all of them – and typically connected with prosperity. Because this year is the year of the water dragon, which only occurs once every Six decades, it’s regarded as even more better than ever.

For people who adopt the Chinese zodiac along with other similar customs, many are expected to wed under the Dragon year and with that, purchase a house.

As Chinese new year approaches…, thousands of couples are intending to marry under what’s considered an good sign. To make an impression on a bride in a country undersupplied with females, it will help a lot when the aspiring groom first proves his worth by buying a home.

While becoming a homeowner isn’t a usual pre-req to find a mate within the states, the entire year of the Dragon is going to influence buying decisions of some within the Asian American community. Our neighbors up north in Vancouver, Canada, where lots of Chinese have immigrated, an influx of real estate sales are anticipated, according to 24hrs Canada:

Metro Vancouver will receive an influx of businessmen from mainland Chinese this week, intent on spending their two-week Lunar New Year holiday with family, as well as scooping up significant amounts of real estate. Julia Rowell, sales manager at downtown Vancouver’s Maddox development, said this phenomenon has been going on for over 25 years, but 2012 looks to be especially busy. “We expect to see an increase in interested buyers, especially from mainland China. I guess because of the year of the dragon,” she said. “It’s a lucky year for them to purchase, and to see family, and travel and invest.”

In other news have you seen the video of Mr. Warren Buffet welcoming the new year in style, appearing on Chinese national TV playing the ukelele and singing “I’ve Been Working on the Railroad”:

Hope you are all safe from the snow last week and Wishing you all a prosperous year.

Let’s hope the Year of the Dragon brings some good fortune for all of us and to the Seattle housing market.