realtors: Polish up those Crystal Balls!!
- 11/02/07 01:24 AM
How will the Canadian housing market fair with the U.S. Federal Reserve dropping the rate by another .25%? Our Canadian economy has seen good growth over the past few years while our neighbours south of the border have had, to put it mildly - a hard go of it. An unpopular war sucking billions of dollars out of its economy, the sub prime fiasco, and now our best trading partner's dollar hovering at .94 to our $1.00 - is there light at the end of the tunnel. Are our housing prices going to bottom out, go through the proverbial roof, where's Greenspan when we need him!! I … (4 comments)
realtors: Tipping the Scales to a more Balanced Market in St. John’s, NL – Third Quarter 2007
- 10/30/07 12:31 AM
The third quarter Multiple Listing Trends for Newfoundland are in. After a tumultuous beginning to the year, it looks like we are beginning to see the "balanced" market all Realtors hope for; a well priced home selling within a reasonable time frame to qualified buyers. Nirvana! Residential sales were at record highs with an increase in volume of 26% over last year at this time. More good news is in store for sellers as their property values have increased on average to 8.6% for a single residential dwelling over the same period last year - $140,779 to $152,939. With a good supply of … (0 comments)
realtors: MLS Trends for Eastern Newfoundland - Second Quarter of 2007
- 07/25/07 03:31 AM
We got the news, we got the graphs to prove it, and hot off the press are the MLS Trends for the second quarter in the Eastern Region of Newfoundland. There's no mistaking it now - its a Buyers Market!!!! We danced around the "balanced market" but Realtors know a bit about economics so when more inventory hits the marketplace there is less demand. So the good news is active listings have reached all time highs which means lots of inventory for those shopping for a new home. And speaking of new homes builders are now using the MLS more and … (2 comments)
realtors: It's Here....MLS Trends for the First Quarter 2007 - Newfoundland & Labrador Association of Realtors
- 04/19/07 04:30 AM
The MLS Sales Activity Report for the Eastern Region of Newfoundland and Labrador is out and, drum roll please, looks like first quarter residential sales are up over the same time last year. Exhale. Fortunately for buyers but unfortunately for sellers the market has remained flat during the quarter will little to no increase in prices of average residential housing. The market is firmly in Buyers hands with price growth to be minimal through the remainder of the year. Good for some, not good for everyone. So they've said it - its a Buyers Market with a sustained increase in listings. Translated that … (0 comments)
realtors: Now we're Rubbing Elbows with the Big Boys...and Girls
- 04/18/07 05:38 AM
I just finished commenting on an article from our local paper about affordable housing in St. John's, NL when I came across an article from the Financial Times of London, and not London, Ontario (nothing against you folks) but London, England - where the Queen lives most of the time (when she's not in Scotland or traveling, or riding horses), about guess where - St. John's, NL - again. This time it was about one of our neighbourhoods just up the road from the downtown better known as Georgestown. Actually, this three block square community is home to one of the … (1 comments)
realtors: St. John's, NL is Sitting on the International Stage Like a Cheshire Cat!!
- 04/18/07 04:13 AM
Can you keep a secret? No, obviously not, because someone's let the proverbial cat out of the bag... ...that someone I swear is the Premier of the province, Danny. Someone's told someone else that there is still affordable, yes affordable housing in St. John's, NL and now the world knows about it. Last Saturday's Telegram dated April 14, 2007 Real Estate section headline reads "St. John's starter homes an international bargain". I'm telling you they are going to be arriving in droves. Them "Come From Aways" (CFA's) will scoop up all good housing, great views, enjoy our restaurants and coffee houses, take part … (3 comments)
How will the Canadian housing market fair with the U.S. Federal Reserve dropping the rate by another .25%?;)
;)
