Today's news from the U.S. mentions the Case-Schiller report...it's a report based on a 3 month period, ending in August. The main description: housing market was flat in this 3 month segment.
This reporting is the issue with the media: they are always 90 to 120 days behind, as they have to rely on statistics gathered at an earlier time. Such reports are certainly guidelines, and it's very important to be able to refer to immediate past graphs...the danger is that one may be making decisions based on the past.
Investing is about the future, too.
Important to understand background, but also essential to pay attention to any whispers of shift, in the "now", whether these minute changes are in an up or down direction.
Investing is based on a best thought about a future change/direction.
We appear to be in a chaotic transition period...all things are on the table, at such times. This is when we need our editing function to switch on. A transition time is when future calls can be made....
At the moment, a property purchase may have a preservation of capital component to it, & not just be about a future appreciation opportunity.
So...what to do/what to think/what to decide? Read it all, be informed, listen to your own inner voice, remember that statistics are only indicators and are based on past events, statistics may be skewed by only using information from specific regions/categories.
We are a secondary home/discretionary marketplace, in this region...thus, city/primary residence markets don't forecast outcomes for discretionary regions.
Seek advice of a professional, ask about the regionality of real estate, seek information of deals in process/not necessarily completed, ask about the "now" of a market...the past is no longer relevant.
No one has a roadmap right now. That means you need to take charge for yourself, to think about your needs...your future...and who better to know what your requirements are than you?
Hmmm...not always easy, carries challenges, but a great learning experience, and you are the individual to discover your investment pathway forward.
Is it time to sell your discretionary property holding? Time to "hold"? Call me...look forward to helping you to clarify your thoughts, by sharing information.
How may I help you to discover special Salt Spring Island & the Southern Gulf Islands? Call me!
