Monday, January 15, 2007

Housing Gains Slowing...With a 46% increase in inventory could this be a bad year for Real Estate?

Housing Gains Slowing
By Jeff NagelBlack Press
Jan 14 2007

"Greater Vancouver house prices sagged again in December but the overall real estate market still ended the year with major gains"

"“The record-breaking sales pace of 2005 continued well into the first five months of 2006,” said president Rick Valouche. “Sales activity has been quieter since June.”"

"Home sales fell 12.4 per cent in Greater Vancouver and 10.7 per cent in the valley, where active listings are 46 per cent higher than a year ago. " Full Article.

2 comments:

Anonymous said...

Following the US just like many have predicted.

Uncertain Buyer said...

I would have to agree with you. This is going to be an interesting year for Real Estate.

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