Some links and current MLS Inventory
By Webmaster - Posted on February 20th, 2008
Prime and Subprime, The New York Times and Business Week led on subprime coverage. Others didn’t.
Subprime woes to hit student loans.
Meanwhile, there are 1008 condos, 844 single family homes and 264 townhouses available in a basic search of the MLS for the VREB area (February 20, 2008). Not much change from a few days ago. Has the pace of listings begun to slow?.
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March seemed to be the month where the listings increase going by my memory. I recall both times I listed in March at the boom peaks I regretted not listing a month earlier as the competition becomes fierce when they increase quickly.
When the agents smell a listing increase they will not jump at the first places,they will look for the ones who have spent the most amount on reno's for every price range. If you don't have the latest and greatest to offer you will be waiting in the lineup.
Nicer layout greg,looks good.
I guess I was wondering whether the big increase came a little early with nervous owners trying to get the jump on their neighbours, or whether we are going to see increases still from here. Every year we don't see a big increase seems to be a year for business as usual in the listings/prices department. Until sellers have to compete for buyers or a real imbalance occurs, I am not holding my breath.
But I agree, March numbers do usually show a big jump - if that was to happen from where inventories are now, with all the economic bad news and hits on stock portfolios in recent months - well, that sounds like a trigger for a tipping point to me....
I like some things about the new lay-out. Wish I had more time and skill to customize these things, but I cannot do too much on a part time basis.
Sometimes I wonder why I bother - as all the time I spend developing the site could be spent writing interesting content, and letting blogger handle the logistics. I guess I enjoy running the whole thing, for better or worse.
"Until sellers have to compete for buyers or a real imbalance occurs, I am not holding my breath. "
that will be the key and what I am thinking will happen in March/April. The problem this boom peak is this acceptance of the high prices instead of the buyers grabbing a brain and refusing to pay the high prices. At some point this has to happen and the buyer pool must dry up.
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