Inflation2009

Canadian Real Estate Slows Inexorably- Part III

As others have mentioned, Canadian lending policies were, in most cases, much more responsible than in some US markets. However, the prices in the US "bubble" markets are starting to sell at a discount to a fair or "normal" price, causing sales to explode in volume. Listingsupply.com shows that the supply of homes in the US are beginning to plummet. Therefore, combined with new gov't programs, some US markets are better than the Canadian markets in terms of ability to sell, albeit at much lower prices.

Canadian Real Estate Slows Inexorably- Part III

As others have mentioned, Canadian lending policies were, in most cases, much more responsible than in some US markets. However, the prices in the US "bubble" markets are starting to sell at a discount to a fair or "normal" price, causing sales to explode in volume. Listingsupply.com shows that the supply of homes in the US are beginning to plummet. Therefore, combined with new gov't programs, some US markets are better than the Canadian markets in terms of ability to sell, albeit at much lower prices.

Homebuilder Forecasts and Expectations [Housing Tracker]

Here in the Phoenix area, real estate sales have had a sudden surge, granted prices have fallen sharply in the last few weeks. Listingsupply.com indicates that MLS listings in the major US markets are finally starting to fall, which should mean price stability ahead. Let's hope!