DON'T LET THE FACTS GET IN THE WAY OF A GOOD STORY

It is fascinating to watch after so many years in TV and Radio newsrooms, just how long it takes for the real story to emerge. From the pages of "The Toronto Star" Thursday May 21st, the headline reads "Realtors making merry in May".The caption says it better and more accurately,mid month transactions are up 3% and house prices are on a par with a year ago. All of that of course is true. I might stand corrected but I doubt it, some of my blogs said as much over the past few weeks, yes there are fewer listings, money is oh so cheap to borrow and many first time homeowners have hit the market. All of this fuels multiple offers and higher prices for those looking to sell. Simple economics yes, but very effective. You have to love the economics of the housing market. It is self correcting, too bad some of our other issues can't say the same.