You would probably also be aware that an increased numbers of permits and starts are being reported by home builders, which along with the new product being rushed to market before the HST is introduced on July 1^st, probably means, “Hello Buyer’s Market!”

Of course, all real estate is local so in Metro Vancouver, where we enjoy a consistently high net in-migration, our local market conditions have little to do with what is going on in the rest of the country.

Are prognosticators of a double-dip “W” shaped recovery model starting to look smart?

Today we’re fast approaching 17,000 listings in the REBGV.  It was only 15 or 16 months ago, when prices had dropped, that our MLS re-sale inventory was at over 22,000.

At that time what little new stock was available then was also being sold at “blow-out” prices for the developers to recoup their cash. It was amazing to see how much they were actually able to discount (obviously BIG margins).

Unfortunately the combined true local supply of “new” plus “re-sale” housing is not very often aggregated or reported. WTF (what’s that figure)?  A meaningful combined supply figure is unavailable for a true metric (of supply Vs. demand) to be reported regularly to the public; Go figure!

One of the largest residential real estate brokerages in Indiana is the latest to change its affiliation to Prudential (from Century 21), the brokerage announced Wednesday.

Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. [NYSE: PRU] company, announced earlier this month the affiliation of Realty Group, previously affiliated with Century 21. The company will operate as Prudential Indiana Realty Group, serving consumers from Lafayette to Jeffersonville, and from Muncie to Avon.

I understand that the professionals at Prudential Indiana Realty Group are proud corporate citizens, representing a company built on strong ethics, professionalism and integrity.

What I like personally about Prudential is the global brand recognition and industry-best technology, training and relocation services.

Please don’t hesitate to contact me if I can be of assistance from here in Vancouver, Canada: 778-878-0778 or alternatively: john@RealEstateEvolved.com

Welcome to the Rock.