Considering that most Canadian investors have been hoodwinked by the mainstream media for so long into thinking that the housing market was in bad shape, most of them have not even purchased an investment property over the course of the last year. That’s too bad – they missed out on gains of at least 5-20% …
If you have listened to any of our seminars or joined us at some of our huge educational seminars across Canada alongside The Real Estate Investment Network (REIN), you will have heard us talk about the many different things that you need to analyze before buying a piece of real estate. This article is a …
Let’s paint that green grass in this picture first – also known as the good news! Residential construction spending continued to rise in August, supporting jobs and economic activity as housing continued to improve. Private residential construction spending increased 0.9% on a month-to-month basis and has now risen nearly 18% since August 2011. Spending on …
So the housing market is actually solidifying a foundation for more than stability, but to actually build a full strung reocvery. “The fact that most markets are maintaining their spots on the improving list from month to month is an important indication that the recovery trend is solidifying,” agreed NAHB Chief Economist David Crowe. “At …
“Sensible lending standards would permit 500,000 to 700,000 additional home sales in the coming year,” NAR chief economist Lawrence Yun said in a statement. They say that the future favours the bold, and if the above statement is any indication, it is that Mr. Yun and the NAR are bold. What is more interesting is that the future …
I bet you didn’t expect to here those words coming from Freddie Mac. It is almost accepted blind mantra to say gas prices going up will stall the economy. But read further, and you get this result coming from Freddie Mac. So why will the spike in fuel prices not make a difference? As Freddie …
“Everybody is trying to pull crews from everyone,” says Hughes, a project manager for J.L. Baugh Construction in Gold Canyon, Ariz., who admits to attempted talent raids on rivals. “I’ve been doing this for a quarter of a century, and this is the biggest shortage of skilled laborers I’ve ever seen.” Yet for some reason, …
Do you remember watching that western movie where the bandits come up to a rail road track and then put their ear down to the metal? Do you know why they did that? They did it because the vibration of the sound travels a lot faster than the train, so they would know it is …
What initially caught my eye was the message expressed by the Wall Street Journal (WSJ) that U.S. housing prices are up for the whole, but not for everyone. With the exception of those that live in the Great White North (Canada) where prices across the board are pretty much up across the entire country, the …
Are you still one of those party poopers, stick-in-the-mud, Buzz Killington type of person who is still negative on the U.S. housing market? Maybe this article will turn your frown upside down. Barclay’s as well as Fitch, are bullish on the housing market. They cite an inventory level that is only at 5.3 months, which …