Adios to a rainy, chilly May.
Larry has the numbers first as usual. All three categories showed a very small average price increase. The average prices are basically flat or down from May 11. Average detached AND apartment prices are down 4% over that two year period.
I have no doubt that if the real estate board's HPI continues to show the real numbers, they will show a drop for MAY.
Final MOI for May :
Apartment : 6
Clearly there was a little more strength in May than the preceding few months. The question is whether this will continue or if that is the end of the peak buying season.
Three reasons to ignore the Turkish Apocalypse hype - *Mid-week market update*: Earlier in the week, Mark Hulbert wrote that "U.S. investors should see this Turkish crisis as a buying opportunity". Hulbert wen...
1 day ago