tag:blogger.com,1999:blog-31427364.post2063876846145167096..comments2024-03-26T03:52:23.395-07:00Comments on Housing Analysis: Teranet House Price Index for April 2009mohicanhttp://www.blogger.com/profile/06094213357140749289noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-31427364.post-44738661452699394012022-05-27T14:17:13.647-07:002022-05-27T14:17:13.647-07:00Awesome Blog
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Best Mortgage Broker in Vanc...Awesome Blog<br />Visit Me<br /><a href="https://gurbirsandhu.ca/" rel="nofollow">Best Mortgage Broker in Vancouver</a><br />A Class Fabricationhttps://www.blogger.com/profile/05815541207978976682noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-62096316679610745232009-06-24T12:59:26.702-07:002009-06-24T12:59:26.702-07:00Actually, I thought the benchmark was showing a re...Actually, I thought the benchmark was showing a recovery of the housing market which started in February. I was waiting to see if Teranet would show the same for April....TiredOfWaitinghttps://www.blogger.com/profile/18200856941309559303noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-54900763606966309032009-06-24T11:27:08.598-07:002009-06-24T11:27:08.598-07:00Teranet is a lagging index. Their prices are simi...Teranet is a lagging index. Their prices are similar to what other benchmarks showed at the time. I imagine that Teranet will show an increase over the next few months.<br /><br />The Benchmark doesn't use averages. It uses a different formula that is closer to the median price. Average prices are volatile for the reason you cite.Davehttps://www.blogger.com/profile/12522026256007882727noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-53567941212623355842009-06-24T09:41:29.796-07:002009-06-24T09:41:29.796-07:00Interesting how these numbers are very different f...Interesting how these numbers are very different from the benchmark numbers. <br /><br />"Vancouver prices have also shown 10 straight monthly declines and are down 11.9% from peak."<br /><br />The benchmark would have you believe that prices have rebounded a considerable amount in May. It's probably because the benchmark simply averages all the sales of the month which doesnt really make a fair comparison between months.<br /><br />If 1000 homes are all sold for $450K and 1 house is sold for $30 million (they are out there) then the average for the month is $479.5K. That one house brought the average up almost 30K! <br /><br />It's good to know that the spring bounce probably isn't as big as I previously thought and there is still some sanity out there.Unknownhttps://www.blogger.com/profile/16361217381016612518noreply@blogger.com