Thursday, August 26, 2010

Is the ceiling caving in?

guaranteed rate

Image by TheTruthAbout... via Flickr

Housing sales are down in both Canada and the US. The deteriorating housing affordability due to the rise in mortgage rates is keeping homebuyers at bay.

The picture in Canada is rather mixed. Housing prices are up, but sales are down.

Enhanced by Zemanta

No comments:

Post a Comment