EDMONTON – A tighter supply of resale homes in Edmonton just as new buyers are entering the market has resulted in modest year-over-year price gains for most home types, according to the latest Royal LePage House Price Survey.
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DETROIT — With their wedding day just three weeks off, Bryan Carter, 28, and Lisa Valesano, 30, have the traditional tokens of young people starting a marriage: the rings, the flowers and a place to live.
That place will be their brand-new, 3,100-square-foot house in Macomb Township, Mich., with hardwood floors and granite countertops.
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Housing and stocks are back.
Key measures of the nation’s attitudes toward their homes and the stock market surged in the latest CNBC All-America Economic Survey to their highest levels since the beginning of the financial crisis.
Recently, there has been a lot of discussion about the future growth of the city. It’s important that we have these sorts of discussions, but also that they are based on fact.
And the facts are that the future nature of development in Calgary is slowly changing. But this does not mean that there is a “suburban development freeze,” or that there is somehow a war on the suburbs, or that your council hates single-family homes.
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One of the big questions hovering over the market highs is the ‘wealth effect.’
Normally when markets hit record highs, Americans feel wealthier because of their bursting portfolios. That paper wealth creates more confidence, which creates more spending, at least according to the theory of the wealth effect.
Read more: http://www.cnbc.com/id/100529383
If the Red Deer Home Show is an indicator of the health of the local housing market, then the sector is doing all right.
As of Friday, the 2013 edition of the annual show, which will run March 8 to 10 at Westerner Park, had a record 296 exhibitors confirmed and about 15 more on a waiting list.
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Just about everybody agrees that the housing market is finally recovering — but don’t expect big price gains.
Nearly two-thirds of the nation’s housing markets will see price declines for the year through next June, according to analytics firm Fiserv (FISV). Overall, the gains will be just 0.3%.
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Looking to buy a home? These housing markets offer the best combination of low prices and competitive wages, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
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CALGARY— The majority of Canadians — 77 per cent in fact — indicate their home is an investment rather than an expense, according to a Scotiabank poll.
For Canadians who see the home as an investment, not as expense – the differences between the regions are as follows:Quebec(79 per cent), Manitoba/Saskatchewan (80 per cent) and Alberta(69 per cent).
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EDMONTON-Edmonton’s MLS home sales and prices in October were up from the same month last year, according to the Realtors Association of Edmonton.
The all-residential average selling price in Edmonton’s Multiple Listing Service was $324,924 in October, up 2.1 per cent year-over-year, the group said. Single-family detached homes were priced on average at $372,061, a 2.9-per-cent increase from October 2011.
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