Real Estate Minute with Steve-June 12, 2023
Monday, Jun 12, 2023
Happy Monday Morning
Quick update on the market current inventory 13,485 units with 12770 selling inventory up 6% and sales down 17%. Are prediction of 16 to 17k units available in the summer didn’t happen, as Tiff Malcolm went ahead and surprised the economist with an unexpected rate hike of .25% mid meet dates due to the inflation reversing and showing growth rather then declining numbers and the job growth reporting higher numbers then needed, this could be part two of the policy rate increases.
One factor in inflation we missed in all this is Corporate greed, as the corporations are reporting record high profits cleary they're keeping prices high and letting roll until the article that has just printed on Corporate pricing behaviour.