OK so sales have been pretty strong and inventory is going into the pre-Christmas decline and bears everywhere are growling.
Was that it? Where is the new strength coming from?
I am not sure. Maybe there has been some loosening by the banks and the economic numbers out of China have reversed the year-long decline and have started to move up and there is more optimism out of the US too with firming of housing there..
Maybe these are all playing into it.
On top of all that, we have lost Carney and the next B of C Governor may turn out to be a complete Greenspan clone pumping gas for the speculators..
Here is a small bone. We have long been compared to San Diego. We are both on the Ocean, are scenic and have both attracted a large number of Eastern retirees.
San Diego was rock solid while RE in the rest of the US fell. So solid in fact that many said it was destined to hold it's ground and not drop. But when it did budge, it sure budged...