Housing market headlines …….

Housing market headlines …….

Housing market headlines can be confusing: Markets are up. Markets are down. Markets are changing. Markets are about to change.

In some areas sales volumes are down, due to lack of activity. In other areas prices are up, due to lack of inventory.

The media has to write news items every day, and they put their spin from one day to the next, to make it interesting.

There are several factors to consider such as active listings, demand, price range, price movement, product type eg, commercial, residential houses, residential condos. Also, properties for sale or properties for rent.

The headlines report statistics and trends and even though they are referring to a region, there are differences in the micro-facts of each neighbourhood in a region; and it is all a matter of supply and demand.