Quote:
Originally Posted by you&me
Bless CREB and their spinny-spin-spin.
Forget 10% year over year; I know lots of people that would just be happy for their house to be worth what it was in 2008  |
I'm no realtor but what exactly is CREB spinning here? They basically say that detached house prices went up ~10% Y/Y and that apartment condos were only up 2% (and still 14% below previous highs in 2014).
The low inventory story also seems legit when you look on MLS or talk to anyone looking to buy right now.