Quote:
Originally Posted by Winsor_Pilates
No Bubble, No Bust
Not much of an article; but it's been a while since some here predicted the "inevitable" burst.
How much longer do we have to wait? Pepper24? Chemgear? 
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Heh, actually I thought that this article was an interesting/substantial read today:
http://www.financialpost.com/persona...536/story.html
I found it interesting that it was actually the banks themselves that poked the government to tighten lending restrictions earlier this year. It'll be interesting to see what they do in the next little while.
SFH average/median prices are down ~10% since June with inventory still nicely above the "balanced ratio band of 1.5-3ish." Should be interesting to see the effect of homes being put back on the market in the new year after failing to sell this year.
Personally/anecdotally we've seen some places we keyed on having had prices cut by $100-350K before finally selling (or still not sold to this point.) I've never had a problem being patient.