Nov
30
Got an email from RBC today… Below is a couple graphs that they had in their article…
I would love to hear some feedback and honest thoughts on where you think this economic market and perhaps in particular real estate market is going… Please don’t hold anything back, other than being respectful in what is said….
Jared
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3 Responses to “Calgary Real Estate Market and Economy Discussion”
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The Chamberlain Group
Thanks for such great information. I am always on the lookout for such real estate useful resources.
A view point from Florida
Here in the States pretty much all of the realtors I have spoken to place a large amount of blame for the collapse of the housing market on the “gloom and doom” of the media. Shortly after sales started to tank the economists were shaking their heads because they said there were no unusual things going on that would normally cause a downturn in the market. The press said things were over inflated, prices have to fall, be careful about buying a house now because you will loose a bundle. In todays edition of the NY Times owned Sarasota Herald it says Houses will not rebound in 08 because foreclosures are near record highs, inventory levels are too high, bank lending standards have tightened, there is a 37% chance Florida will get hit by a hurricane next summer when ordinarily it is 33%, and the legislature may not reduce property taxes as much as first thought. I guess they are an equal opportunity nay sayer. No matter what might prevent you from buying a home we want to be sure to scare everyone.
Hey Brian,
Thank you for your comments and insight on the Florida Market place. It really is amazing how much power the media has in any type of market or country… They are great at making something that isn’t a huge issue, into the worlds largest issue!
Jared