By Warren McNeil

Somebody asked me to post something on our blog about the effect of the high unemployment rate in our area. Unfortunately, I am not a market analyst and I don’t have a crystal ball so it is very difficult for me to properly respond to this request. My guess is that the effects won’t be positive but it doesn’t take a rocket scientist to figure that out. The question is, how much of an effect will it have. Hopefully the people who are losing their jobs will be able to get new better jobs. In terms of how the local real estate market is right now I see a continued trend in move-up buyers and first time buyers getting into the market. The month-to-month stats show some promise, but year-over-year stats show that our numbers are down. Keep in mind, we’re comparing to some record years.

I don’t like to speculate about anything. I like to work with factual data. That’s why I like to study the board stats. The stats tell the real story.

Kitchener Waterloo Real Estate Board Statistics for February 2009

Like I said in previous posts, I am very optimistic that we will get through this and our market will be stronger then ever. All we have to do is just get through it.

“It always gets better!”

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.teammcneil.com/blog