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  • Links

  • RSS Andrew Kyle's Blog – Calgary Real Estate

    • Kicking yourself… February 17, 2009
      This is a Re/Max USA commercial that sums up my thoughts on the current market: The latest market conditions: […]
      Andrew
    • Real Estate Market Forecasts - Part 1 January 26, 2009
      Last week the Calgary Real Estate Board (CREB) issued its forecast for 2009 - this is the last organization expected to issue a forecast for the 2009 Calgary real estate market so I thought it might be useful to summarize them all - that will be today’s post which I am calling “Part 1″. In [...] […]
      Andrew
  • RSS Rob Reynar. Royal Lepage Foothills

    • 11 WEST TERRACE RD, Cochrane, AB March 8, 2010
      I just finished uploading this Residential Detached Single Family for sale, 11 WEST TERRACE RD, Cochrane, AB Bright and spacious 1815 sqft home situated in the heart of West Terrcae located within walking distance pf Milford School, Parks/Playgrounds and scenic pathways along the Bow River. Built in 1997, this immaculate home boasts its unique plan wit […]
      Rob Reynar
    • 212 GLENEAGLES ESTATES LN, Cochrane, AB March 5, 2010
      I just finished uploading this Residential Detached Single Family for sale, 212 GLENEAGLES ESTATES LN, Cochrane, AB SPECTACULAR VIEW-SPECTACULAR HOME...This beautiful custom built Saddle brook home with above code standards truly is a dream come true. Get a WOW out of your guests, friends and family. Nothing but breathtaking views literally from anywhe […]
      Rob Reynar
  • Positive Signs for U.S. Housing Market

    Finally some positive news, south of the border, where the numbers from Nov of ‘09 show that several American real estate markets appear to be on the rebound.

    A recent RISMedia article points out that below average prices (or at least below what was considered the norm just several years ago), coupled with the Obama government’s buyer tax-credit incentive, led to a surge in home sales in areas like Nevada, Ohio, the Midwest and upstate New York.

    Perhaps one of the most interesting stats worth noting is the actual number of registered foreclosures in some areas. Take Las Vegas for example – as Sin City was one of several markets hit hard by the latest recession.  While the market drop took it’s toll, Vegas is in it’s 5th month (and counting) of steadily declining numbers of foreclosures.

    Head east to Ohio and the Midwest, and there’s suddenly a feeling of cautious optimism, thanks to above average gains in sales and average home price, as buyers made a mad dash to beat the federally legislated tax-credit deadline. Collectively, home sales are up nearly 60% over November of ‘08 (when the ripple-effect from the economic meltdown was beginning to fully take shape).

    The ‘wave’ of optimism is also being felt in New York states and within pockets of California (though not everyone in that state is a) experiencing a recovery b) willing to start celebrating just yet). And for the many naysayers still out there I like this paragraph in the article, which takes a more ‘glass half-full’ approach to the situation in the U-S, stating, “...there are reasons to believe the real estate economy may avoid a crash. First, Congress has extended the $8,000 tax credit until June, 2010, and even expanded it with a new tax credit of up to $6,500 for buyers who already own homes. Also, the overall economy seems to be improving, which could make potential buyers more confident about a purchase. Home prices are relatively affordable, when compared to recent years. And mortgage interest rates remain very low.”

    Food for thought. What do you think? Drop me a line.

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