Edmonton Sept Report

Z

Inventory Up!

Sales Down!
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Price Steady!

In short: buyers refuse to buy, sellers refuse to sell.

Source: http://www.edmontonrealestateblo ... 88#comment-84981288
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[ 本帖最后由 Z 于 2007-10-3 09:33 编辑 ]

水管工

Very interesting market, the inventory is massive. I think the prices have to come down. The buyers can wait much longer than the sellers who are losing money everyday. The condo prices may hold longer as they can be rented out.

Yang123

Thanks. The article linked from the blog is interesting to read too.
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"Wherever prices decline, look for lots of sellers holding out for unrealistic prices in a vain attempt to recoup their losses. It’s a hang-up that people have, and it can cause big problems. A number of houses with high prices just sit on the market while everyone waits.

One source of difficulty arises from a basic fact of real estate economics: about half of home purchases are by people moving within a metropolitan area. If sellers can’t sell their houses because they want too much for them, they also can’t become buyers of new homes."
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http://www.nytimes.com/2007/09/2 ... KRQ&oref=slogin

Z

Yes, exactly. It's been flippers selling to flippers. If one flipper cannot sell his property, he cannot flip the next one, thus screwing yet another flipper.

水管工

原帖由 Z 于 2007-10-3 10:55 发表
0 Z! S) A( k+ h* Y. W) w" z6 ~Yes, exactly. It's been flippers selling to flippers. If one flipper cannot sell his property, he cannot flip the next one, thus screwing yet another flipper.

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Probably not just flippers, it affects a lot of moving up buyers.

老杨

能不能用中文来进行评论啊？

charlie8120

Goog Sign for home owners!!

catty

9月历来是调整月，再等等看看

eagle2007

very interesting.
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邮差

[quote]

2 N* V7 k6 Z' yZ  发表于 2007-10-3 09:31

) H2 T/ U) H- }; x! _) i: eInventory Up! Sales Down!  Price Steady!
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In short: buyers refuse to buy, sellers refuse to sell.
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  m, [: {: R9 e0 E7 r  l& w2 y水管工  发表于 2007-10-3 10:16
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5 ~0 w# G0 J5 a' o* m% tVery interesting market, the inventory is massive. I think the prices have to come down. The buyers can wait much longer than the sellers who are losing money everyday. The condo prices may hold longer as they can be rented out.
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现在就看谁能否撑得住了！

雲吞

原帖由 老杨 于 2007-10-3 11:07 发表
能不能用中文来进行评论啊？

我愿意用中文评论，可是我还没看明白怎么回事

湛蓝

同样不明白，老杨说的都是俺心里话啊。
看见大段的英文都是跳过。惭愧。