U.S. home sales in August rose to their highest level in six years, even higher than during the recent home buyer tax credit. This news came on the heels of the Federal Reserve’s announcement that it would continue to fuel the mortgage market, keeping rates from rising dramatically. Still, Realtors were uncharacteristically pessimistic in their predictions for sales this fall.
Read more: http://www.cnbc.com/id/101047749
Home prices in 10% of the nation’s top 200 housing markets have recently hit new peaks or are only a hair away, new data show.
Another 24 of the top markets are within 5% of their previous peaks, according to data provided to USA TODAY by real estate tracker Lender Processing Services.
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After the recent, and completely needless, dust-up between the Canadian Home Builder’s Association-Calgary Region and Mayor Naheed Nenshi, the mayor said in an interview on CBC Radio “ . . . that housing starts in this city are up, up, up. We’re almost at the peak.
“We’re almost at the peak in single-family homes. We’re almost at the peak in row houses. We’re almost at the peak in duplexes. The only place we’re not almost at the peak is downtown highrises.”
Read more: http://tinyurl.com/cg6p56y
There is plenty of data that the silver spike toward $50 last year was it for the silver market. Don’t be fooled, we heard the same thing in 2008 after silver had hit the $21+ level and during the depths of the financial crash silver sold near the $9 level. While many were throwing in the towel and admitting utter defeat we said…
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CALGARY—Calgary’s resale housing market in October is continuing to show very strong year-over-year sales growth with average prices competing with the peak level of 2007.
According to the Calgary Real Estate Board, month-to-date until October 30, total MLS transactions in the city of 1,603 are up 23.88 per cent from the same period a year ago and the average sale price has risen by 7.22 per cent to $435,922.
Read more: http://tinyurl.com/cndotdr
Just how strong has Calgary’s resale housing market been this year?
Well, take a look at average MLS sale prices.
Year-to-date, the average price in the city is $427,601, according to the Calgary Real Estate Board.
Read more: http://tinyurl.com/8cvo2t3
It’s hard to imagine, given that the nation’s housing market is still digging itself out of an epic foreclosure crisis, that there just are not enough homes available to buy. That, apparently, is the case, according to the National Association of Realtors, who blame a drop in home sales on an “acute lack of supply” in certain formerly hot markets.
Read more: http://tinyurl.com/9myqyqw
‘The age of plateau oil is also the age of price-sensitive oil. All the cheap, easy oil is gone.
The only question is how do we deal with that reality.
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