Saturday, August 25, 2007

August 25 Week Ending Stats

Single family home listings on are up slightly this week. The largest increase saw 8 more homes listed in the price range of $300k to $400k. There are 11 fewer homes listed in the $400k to $500k range.

Year over year, listings of 2 bedroom condos and 3 bedroom SFH are down significantly from last year. 3 bedroom townhomes listings have decreased since June, but are still up year over year.

Here's a good article to read in the New York Times regarding Countrywide Financial Corp. Housing Panic rants on about this company and it's CEO. I think it's justified. He has not bought a share in his own company since 1987! I'd bet on Countrywide going belly-up. Any guesses on what impact that would have on housing and real estate in Canada?