'Macro-Ality,' Not Seasonality, Is Ruling Our Housing Market

  • 📰 storeyspub
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 74%

España Noticias Noticias

España Últimas Noticias,España Titulares

So far in 2023, our market hasn’t been following the script. So what does the dominance of macro-ality mean for our market going forward?

Instead of topping out in March, MLS sales in Metro Vancouver reached their apex in May, following five consecutive months of month-over-month increases — a pattern that is virtually unheard of in this market. That said, sales remain below long-run averages, despite the sustained growth.

So what does the dominance of macro-ality mean for our market going forward? Succinctly put, if the Bank raises its policy rate again in September – following the relative shock and awe of two hikes in June and July – expect sales to recede and inventory to continue to expand .

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 16. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares