Friday free-for-all!
Well, you made it to the end of another work week. Lets do our regular weekend news round up and open topic discussion thread. Here are a few recent stories to kick things off:
-Two charts for the Canadian housing bubble
-Realtors launch ad campaign to buff up their image
-Here’s the creepy ad in question
-Teranet: rising home prices set to stall
-The spirited things Vancouverites say about home prices
-More US housing market dismay detail
-Looking back at rear-view mirror forecasts
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!
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August 29th, 2010 at 11:00 pm
@vreaa: And a good contrary indicator that American prices may be nearing the bottom. I didn’t expect that either with the backlog of foreclosures, but it is looking increasingly plausible. The Zombie Banks can keep foreclosed houses off the market indefinitely, courtesy of Uncle Sam and the FASB. There is no pressure for the banks to sell, and many of the empty houses have been wrecked by squatters now anyways. It could be a long slow drag along the bottom, maybe for five years.