Inventory is up, sales have been slower than they were the past few years. Does this mean time to panic? Is the economy going down the tubes and we are all going to lose our shirts? Of course not.
Don't you remember your social studies classes, or in my case, my university economics class? Everything goes in cycles. How would anyone ever expect the housing market to maintain such strong growth for so long? Buyers were being priced out of the market place. Things had to slow down.
Will the market ever turn around again? Of course it will, it's just a matter of when. What do you think about this coming spring? Spring is when the flowers start to bloom and the grass turns green. The days get longer and the weather gets warmer. PLUS, the US will have a new government. With a new government comes optimism. With optimism comes happy people, confident people, with a brighter outlook on life! Here in Canada, we too could have a new government. Looks more like it will be the same party, but a majority this time. They will actually be able to do something with the worry of losing power in a non-confidence vote. More optimism!
Of course there are no guarantees and my crystal ball broke, so my predictions are not worth a whole lot, but I do like the theory. Let's see if is right. Hmmmm...perhaps I should go get a 6-49 ticket. I mean what if I can predict the future....
Saturday, September 27, 2008
Monday, September 8, 2008
September 2008
As of Monday, September 8, there are 114 single family residential listings in the City of Brooks. This is a high number, meaning a large selection of properties for potential buyers. There are 4 condo units for sale, ranging between $117,000 and $166,00. There are 18 mobile homes for sale ranging from $26,000 up to $129,500. There are 16 acreages on the market in the County of Newell. These figures are taken from all listings within the Brooks Real Estate Board.
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