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May 2010 - Posts

Lowest sales this millenium
We're on schedule to have the lowest number of May single family home sales since the beginning of the new millenium. For the period May 1 - 25, there are 1033 sales. The next closest was 2008 with 1056. The highest was 2006 with 1627. New listings Read More...
Crash index has eased slightly
Stats to Obsess Over 2010 compared to the historic average(9 yrs): For single family homes Sales (A) New listings (B) Crash Index A-B May 1 – 14 -16% +20% -36 Apr -19% +25% -44 March -14% +20% -34 Feb -24% +3% -27 Jan -29% -15% -14 Crash Index: Read More...
How much will it sell for? Closest guess wins...
All you armchair housing experts... Take a look at this new listing in Inglewood. It's priced at $399,900. How much do you think it will ultimately sell for, and how long will it take? http://www.realtor.ca/PropertyDetails.aspx?PropertyID=9471867 Read More...
Straw buyers: Innocent victims?
A friend or acquaintance approaches you with a "deal too good to be true." Offering you $8,000 simply to sign your name to some mortgage documents, and reassuring you that they will "take care of everything." As we now know, you end Read More...