Quote:
Originally Posted by chemgear
"Buy Now – Frenzied Seller’s Market Coming"
http://calgaryrealestatereview.com/2...bell-forecast/
When the statistics are not looking good according to your point of view, it’s time to jettison them. It seems that an investor on his blog agrees, posting:
Great analysis Don. I shy away from a the statistical tools. Properties values are extremely local. The municipal, regional and provincial stats are great for data-junkies, realtors who need to justify their existance and news media looking for something to do
You can be sure that if the stats were looking favorably at the moment, they would be touting them. |
A lot of what Campbell says is to build his network and sellout more seminars, but I disagree with Mike's analysis a bit in regards to the main quote:
Campbell said people who try to guess what the real estate market is doing by looking at housing statistics are “doing the equivalent of driving across the city staring at their rear-view mirror.”
I think there's some truth to that, in that predicting next years market likely has more to do with external economic factors like jobs, immigration, oil prices etc. than it does with the latest monthly stats.