Tea Leaf Prediction
Posted November 27th, 2007 in Real Estate, Sharing the Experience
I find this graph like reading tea leaves. I wondered, is this an omen? A decline of page hits on the mls.ca site suggests that the market might be slowing? What is seen is less people looking which implies less people will be buying. Could this be reality? If all of Edmonton has stopped looking this would not be enough to show this level of decline. 2005 to 2006 were banner years. 2007 in Vancouver hasn’t been bad either.
Copyright 2007 Alexa Web Information Corp
The knowledge people at Canada Mortgage and Housing Corp seem to be on the same page and predict a sales decrease of 6.7%. Were they looking at this graph as well?
It is possible that there is another unaccounted factor? Are the Web 2.0 types fed up with the lack of timely information on mls.ca. Are they abandoning mls.ca as the source of real estate?
Let me stir the tea again.
