I have always been fascinated by life transitions. Media people like to spend hours talking about what may happen and they can go on about what has just happened with endless hours of retrospective analysis but few can actually nail what is happening at the moment it changes. You wake up one day and find a buyer's market in Real Estate, fueled by low interest rates and many first time buyers, quickly has changed into a seller's market.
You may recall me mentioning in an earlier blog about multiple offers hitting the Toronto central market in the spring. That trend has moved north and York region is getting socked with multiples. That's the great thing about the Real Estate market. It always seems to make its own adjustments. What looked bleak when the New Year hit has rebounded twice and made its own self correction. Its too bad your local stock broker can't sing the same tune
Tuesday, June 9, 2009
Subscribe to:
Posts (Atom)