Interesting discussion from a chief economist below stating, "much of the housing price decline is behind us". The economist seems to support the idea that prices may be beginning to stabilize, broadly speaking.
It may be that homebuyers are adjusting to the higher mortgage rate environment and finding ways to refinance or secure new mortgages, within their budgets.
Call or text 604-418-4091 or email agent.punia@gmail.com and let's discuss your next home sale or purchase.
This website and blog content is for informational and educational purposes only and NOT to be considered financial advice. Views expressed are my own and do not reflect those of any organization I may be associated with. This content is not intended to cause or induce breach of an existing agency agreement with your agent. Always seek professional advice when making any buying or selling decisions.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.