Those you that have been following the blog for awhile, or have browsed the archives, you may have came across my musings on a couple friends of mine (original story, and the update). Long story short, they bought a spec townhouse in mid 2006 for $200,000. Last October they decided theyContinue Reading
So, in an e-mail I was asked why I haven’t referenced the bond market in awhile since they’re so important to interest rates. Well, the reason is simple, because I haven’t felt they’ve moved enough to warrant a change in interest rates, so their fluctuations are not really of muchContinue Reading
Another big month in July sales wise, setting a record even. Amazing what record low interest rates can do even in a recession. Prices were more mixed, as we’ve seemed to have turned the corner into the summer and the traditional cooling of the market. Obviously sales were strong forContinue Reading
Excellent question. The long of the short of it is the EREB hasn’t posted it yet, so it’s not available. They usually take two business days into the new month, so it’s not really late, it just seems so, and with the long weekend I’d expect it tomorrow. So, onceContinue Reading
Greetings freaks and geeks, hope you’re all ready for the long weekend. Before you go, here is the affordability update I promised. As you may have noticed, suddenly this spring the word ‘affordability’ magically returned to the lexicon of the real estate pumper. A word nary whispered a year ago,Continue Reading
Had been preparing an update on the affordability numbers, but then noticed the latest arrears figures were out, so we’ll knock that one out first and leave affordability for later this week. As the title implies, there has been no slowing this spring, and as of May we were upContinue Reading
I’m sure literally none of you have wondered to yourselves, “how does one become a contrarian blogger?” Well, it’s not a terribly interesting story, and doesn’t pay nearly as well as telling people what they want to hear, actually, it doesn’t pay period… but as my experience in the lastContinue Reading
For awhile now I’ve been thinking about trying to attempt to quantify the relationship between population growth and housing construction. We’ve been hearing for a year or two now about how our city is actually overbuilt to a significant degree. This of course would come to a surprise to manyContinue Reading
A couple months back I did a post on market share by price range (will be doing another update on that hopefully in the not to distant future), and today I’m going to take another stab at market share, but this time from the angle of unit type. You’ll want to clickContinue Reading
Got an interesting comment about how the local board boasts about how few “foreclosures” there are on the market, completely ignoring all the “bank owned” properties, that are also foreclosures… but apparently in the world of marketing and keywords, a rose by any other name is not a rose, atContinue Reading