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March 2015

Found 1 blog entry for March 2015.

A housing price drop of $100,000?  I don’t think so.

I have always found it amazing how quickly things get blown out of proportion.  More amazing is where the rumours come from in the first place. The recent rumour that “hundreds of people are turning their keys in at the bank” is ridiculous.  Our Realtor system doesn’t give me the ability to specifically search for foreclosures, but from what I can tell there are only about 10-15 for sale in our market out of 917 listings. I realize this is quite unrelated to the title of this post but it was a rumour I wanted to squash before talking about what housing prices are actually doing.

Sales are down, there is no getting around that.  February this year in comparison to last has seen a drop in the number

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