patrick.net

Hey Peter -

the market churned all summer, a lot of sales before the pre-approvals ran out, but surprisingly/not surprisingly, all the gains happened in the spring. There is a stalemate now, prices are up this year, volume is up, but the situation seems quite edgy, as despite increased activity, inventories have not gone down much. Reminds me of the atmosphere on this blog back in late 2005. The local housing blogs are inundated with calls back and forth on what is happening. Nobody is convincing anybody of anything, as far as bulls and bears are concerned, but if the US slips into recession, only a flying carpet is going to be able to lift the market higher, in my opinion.

Maybe you can get your Vancouver Island property in about 3-4 years for a nice deal. If so, hopefully we can meet up and have a beer sometime. I won't bother suggesting sushi because nothing too great around here, just SunKus quality is on offer.

Some good blogs to check for the current housing climate are in the blogroll on my page. I recommend Househunt Victoria and Victoria's Truth for the skeptical point of view - while maybe Vibrant Victoria for the industry viewpoint.

Ciao.

http://datashaping.com/house.shtml
How much could I ask for this house?

Maybe you can get your Vancouver Island property in about 3-4 years for a nice deal. If so, hopefully we can meet up and have a beer sometime. I won’t bother suggesting sushi because nothing too great around here, just SunKus quality is on offer.

Hopefully. I like many kinds of food. Victoria is the prettiest place on earth.

I recommend Househunt Victoria and Victoria’s Truth for the skeptical point of view

No Secret, huh? ;)