Loading ...RESIDENTIAL REAL ESTATE
To me this is Shocking !
In our area RESIDENTIAL Real Estate is going Nuckin Futz
DETACHED HOMES IN TORONTO UP 45% OVER LAST YEAR
Up here in the country…every for sale sign turs to SOLD in days !
How is this possible ?
What is YOUR Market like
Lets face it the RRE Market is hugely more important to most everyone than the Gold market
Commercial RE on the other hand I don’t know for sure but it is likely No Good
Urban exodus…?
I agree, Fully and Atomic.
Even though my town (population under 90,000) is less than 45 miles from San Francisco, the clean suburbs with good communities and public schools are still being “chased” by home-buyers. It has that suburb feel, while at the same time being not too far from San Jose / San Francisco / Oakland.
Of course, Silicon Valley is flush with multimillionaires from the FAANG++ market cap explosion, looking to park money into quality real estate!
Heck, I’d buy another home here, if I could, from my PM stocks gains!
No this 45% increase was in Toronto
yes urban exodus too
But Toronto !
My niece owns a 1200 sq foot half a house…old house split in half and now two homes .
The other half sold for 1.2 million last year…now likely 1.5 million
All I know is my property taxes here in Houston go up 10% every single year, which is the statutory cap. They went up 10% yet again this year. Oil at $40 and thousands layed off? I guess it doesn’t matter.
Just additional confirmation that Fiat is trash. People who don’t know gold and silver usually use real estate. Many do both. Money is rushing out of fiat into everything else.
I’m in Montana so the definition of a large city is a bit different; however, the decent, rural properties have been snatched up quickly and land prices are very high for around here. Most properties have sold in a few days after the listing. In the cities, good rentals are hard to find. I’m enjoying living with the cows.
I live in north nj. Suburb of Manhattan. Real estate is exploding
Houses are getting multiple bids in days of listing for above asking price.
People are bailing urban areas. Expect the trend to last a few years
Not everyone can move so quickly.
I believe what we are seeing is money exiting bonds and seeking other “safe” investments (think real estate, precious metals, etc.). The bond market is over 10 times larger than the stock market (and we ate talking globally), so there will be an incredible amount of money moving to these new investments if I am right.
I agree!