Hey! It’s the end of another week.
That means it’s Friday Free-for-all time!
This is our regular end of the week news round up and open topic discussion thread for the weekend.
Here are a few recent links to kick off the chat:
-New home prices down, old up
–Carrick not worried about debt
–Low rates for higher prices?
–Analysts warn of market froth
–Condo ordered sold over parking
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!
Haven’t you always wanted to see housing market data presented as an exciting battle map?
Somewhat more exciting than your average excel sheet, VMD has started a Battle of Vancouver thread over at Vancouverpeak.com where he’s got maps showing the ups and downs of the market for condos and single family homes.
It’s interesting that you really get a sense of things changing on the periphery first.
There’s a stripe of red in the centre where prices are still up year over year. Here’s the map for Single Family Homes:
There’s a similar thing happening in Condo prices, although more areas are Year over Year negative there. Oh, and for extra excitement on this map there’s TANKS! (each tank represents a single percent point up or down):
Click here to view the full thread on Vancouverpeak.com
..And if you have stuff to share over there, here are a few more invite codes to register for a user account:
Yeah! It’s the end of another work week and that means it’s time for our regular news round-up and open topic discussion thread. Let’s wrap up September with some weekend chat, here are a few recent links to kick things off:
–Inventory graph keeps climbing
–An economy based on house prices
–$150k deductible for water damage
–Ian gets bearish
–I said Watt?
–If no one can buy, then what?
–Home of the weak
–Teranet decline by month
–Immigrants move to Saskatchewan
–Vancouver 2012 layoffs
–Council wonders why you’re isolated & resentful
Based on current sales numbers this month we need to see a big sales day today to make September 2012 sales numbers come out ahead of September 2008. Makaya estimates that we need to see 101 or more sales today or we’ll be coming in lower than 2008. Keep an eye on the comments for daily numbers from Paulb to see what happens. It will be interesting to see how the newspapers and REBGV press release cover these sales numbers.
On a side note our new comment rating system has been tweaked a bit. This site gets way too much traffic for the default settings to work, so we’ve upped comment highlighting to start at +10 and we’ve dropped comment hiding to -8 giving it a foreclosure stage before it disappears. If you see a negatively rated comment that you disagree with but is honestly presented (ie not a troll) please consider not voting it down further. It would be nice to reserve comment hiding for the real trolls.
Feedback is welcome to these tweaks, we’ll adjust further if necessary.
And on to the chat! So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!