condo prices

Weekend Open Thread (06/04/08)

Apparently this is a boring site, according to Sitting Pretty anyway. Maybe it is kind of boring, well, I can only do so much.

Some stuff to think about:

- Housing market to sink after Games: Wait until 2011, Pomeroy advises first-time buyers.

- Vancouver sales slow to 2001 levels (hat tip to Vancouver Condo Info).

- Overdue Consumer Debt in the US is highest since 1992.

August 2007 numbers - what's the story?

Aug-VREB.GIF

Well, looking at the numbers for the last few months, bears who maybe started counting their chickens and licking their chops, thinking their time was coming, could be forgiven for getting a bit discouraged by the busy real estate market this summer (guilty as charged).

On closer review though, maybe there are some points of weakness in the most recent numbers. Well, since lots of houses supposedly traded hands in the last few months, what could those weaknesses be?

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