April 21st, 2006

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Vancouver
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The Vancouver Housing Market Blog

Despite being a blogger and a Vancouver property owner, I hadn’t seen the Vancouver Housing Market Blog (this link is now defunct) until Derek pointed it out today. It’s only been around for a year, but it looks mighty popular.

It’s a pity it’s a Blogger blog–I’d guess the owner could make a small fortune in advertising. It’s also quite interesting that it doesn’t appear to be written by a real estate agent (at least if it is, they’re not advertising that fact). A lost opportunity lost for Vancouver’s 18 zillion realtors.

Here’s a reference to an advertisement for an island (own one of the 1000 Islands!) that’s all of 0.05 acres. And here’s a thoughtful posting about the Woodwards development in the Downtown Eastside (”Who will live there? No one who’s buying, that’s for sure”).

Comments: 3 Responses so far

Alex Harford
April 24th, 2006
9:37 am

VHB’s arch nemesis:

http://rireb.blogspot.com

[Reply]

VanCondo
June 9th, 2006
11:46 am

I dont think Rob & VHB are exactly on the arch-nemesis level. They seem pretty friendly for that to be true, I think its more that they have a difference of opinion in some areas and only the future will show how that plays out.

[Reply]

yanni raz
July 30th, 2008
8:26 am

How much is your home worth? Well, it all depends where you live.

The real estate market is still shaking. New data suggests that home prices have hit a new record low. In every new study that comes out, homeowners from Miami, to Las Vegas, Phoenix and Los Angeles, have seen their home value go lower every time.
Is that disappointing? Of course it is.
Should we sell? Is not a good time.
Should we stick to it? Yes, if you can.
Have we hit bottom? Nobody knows.

Banks are facing their worst foreclosure crisis.
Don’t take me wrong, it’s good if you are in the market to buy a home for yourself or if you are an investor, but if you are not, and you own a home, most likely the value of your property is down at least 15 %.

Why do banks care if you are loosing your home? By having to sell repossessed homes, banks have to literally slash their prices down. It gets very costly for them, after all, they have to pay property taxes, maintenance costs, and whatever utilities that need to be paid, all of this expenses for a house that it’s just sitting there, vacant, and the bank is getting nothing in return.

The latest study by the S&P/Case-Shiller Home Price Index of 20 cities, revealed the news that for 22 consecutive months home prices dropped. Only from April to May, 2009 the decline was of 0.9 %

[Reply]

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