cheaprealty net

Well, here is another graph showing the total MLS listings for today in the VREB area. It would be interesting to see what would happen to this chart if all the private MLS listings were added to the mix, but at this point we are seeing equilibrium. Total units in some segments have gone down a bit, while in others they are unchanged or have gone up. This leads me to believe there is either a high rate of churn this month - ie sellers are buying at the time they sell, or else maybe not

Moneybox in Slate posted an interesting article by Daniel Gross about the correlation between a slump in US housing and the blame game - the effects of a bursting slump are widespread and not immediately obvious, until a little research is done.

For instance, a tailing off in housing starts since 2006 can be correlated with a drop in remittances to the home countries of many of the migrant workers who provided labour during the US housing boom, countries like Mexico, Brazil and Guatemala.

As housing starts declined, so did the earnings and remittances of these migrant workers.