Comments on: Increased Affordability ain’t just a Buzzword http://agentwill.com/buying/increased-affordability-aint-just-a-buzzword/ Documenting Life and Real Estate in Vancouver Tue, 23 Aug 2011 20:23:45 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: jesse http://agentwill.com/buying/increased-affordability-aint-just-a-buzzword/comment-page-1/#comment-1648 jesse Wed, 11 Mar 2009 18:25:05 +0000 http://agentwill.com/?p=1196#comment-1648 When there is a supply-deman imbalance, as there has been since the early part of the decade, there is no reason to think RELATIVE price changes will not exhibit some form of seasonality. In fact the Jan-Feb numbers indicate prices have stabilized, at least temporarily. But going with this hypothesis it means flat to moderately increasing prices is the BEST we can get and the rest of the year will be back to precipitous price drops again. When the market is in balance, from what I have seen, there is less seasonality in the numbers. When there is close to flat seasonality, that will be a pretty good indication of some semblance of a bottom. Another bottom sign to look for is low volumes and low inventory. For examples of this I would follow the San Diego market for a forward-looking indicator of Vancouver's fate. Try piggington.com for some great numbers and analysis on this front. When there is a supply-deman imbalance, as there has been since the early part of the decade, there is no reason to think RELATIVE price changes will not exhibit some form of seasonality. In fact the Jan-Feb numbers indicate prices have stabilized, at least temporarily. But going with this hypothesis it means flat to moderately increasing prices is the BEST we can get and the rest of the year will be back to precipitous price drops again.

When the market is in balance, from what I have seen, there is less seasonality in the numbers. When there is close to flat seasonality, that will be a pretty good indication of some semblance of a bottom. Another bottom sign to look for is low volumes and low inventory. For examples of this I would follow the San Diego market for a forward-looking indicator of Vancouver’s fate. Try piggington.com for some great numbers and analysis on this front.

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