- US Homebuilder confidence improving with them seeing a pickup in prospective buyers. I’m hearing from my new home friends every time I run into them. They’re so busy they can hardly see straight.
- Ratings Agency Forecasts a Stronger Year for Short Sales in 2013. DBRS expects total foreclosure filings to show evidence of a steady decline in 2013 when compared to 2012
- Non-Distressed Prices Hit 20-Month High in August. No surprise here! We’re experiencing more standard sales than we can even comprehend.
- Commercial Real Estate Forecast 2013-14: Will improve marginally with recession having clobbered occupancy of office, industrial and retail space, which pulled rents down.
- Residential Real Estate Forecast 2013: The housing market will improve moderately in 2013 and yet nobody should mistake this for a boom. It’s barely an improvement so be glad that we’re seeing black vs. red.
- Ray of Light: Shadow Inventory Declines. Down to 2.3M is a big step in the right direction and yet that’s still 2 point 3 million homes.
- Asking Prices Up, Rent Prices Rising Faster than Home Prices. You see that? You still like renting?
- Repeat Home Buyers Fuel Housing Recovery. No surprise here. They’ve been sitting and waiting and now they’re pouncing. They know a good thing when they see it and they’re taking advantage.
- Rising Home Values Bring Equity to Highest Level Since 2008. Are you seeing a reoccurring theme here? Yea, I thought so.
- Debt soars into danger zone. Canadians have entered the debt danger zone that helped trigger real estate crashes in the U.S. and Britain.
- May Dodge Housing Hard Landing. Pressures in the Toronto and Vancouver housing markets are moderating with neither a bubble nor a hard landing in sight for the country’s property market.