Found 951 entries published by Billy Peshke.
Balancing the Emotional and Practical Sides of Buying a Home
Posted by Billy Peshke on
Imagine this scenario...
You're shopping for a new home. You drive to visit a recent listing. As you
walk through the front doors, you're impressed. Every room looks fantastic.
You see yourself relaxing on the spacious patio, cooking in the modern
kitchen, and enjoying evenings with the family in the cozy living room.
Your emotions are on overdrive. This is your dream home!
Should you make an offer? Probably. In fact, you should make that decision
quickly in case there are other interested buyers.
However, your decision shouldn't be guided purely by emotion. You want to
make sure you take practical matters into consideration too.
For example, you'll want to consider:
· Is the property within your price range?
·…
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Oversupplied market weighs on prices
Posted by Billy Peshke on
City of Calgary, November 1, 2018 –
Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market.
Citywide benchmark prices totaled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent.
“Job growth in this city remains a concern, as unemployment levels remain well above levels expected for this year. Rising costs of ownership also continue to weigh on housing demand,” said CREB® chief economist Ann-Marie Lurie.
“At the same time, housing supply levels are not adjusting fast enough to current conditions, resulting in price adjustments.”
Inventories and sales totaled 7,345 and 1,322 in October. This has resulted in months of supply of 5.6, above…
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