Edmonton Real Estate Market Weekly Update – Aug. 26, 2011
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 421 (435, 495, 477)
# Sales: 263 (283, 234, 217)
Ratio: 62% (65%, 47%, 45%)
# Price changes: 278 (299, 323, 274)
# Expired/Off Market Listings: 142 (238,173, 348)
Net loss/gain in listings this week: 16 (-86, 88, -88)
Active single family home listings: 3316 (3290, 3329, 3251)
Active condo listings: 1878 (1883, 1893, 1868)
Homes 4-week running average: $382 ($390k, $387k, $388k)
Condos 4-week running average: $226 ($238k, $243k, $244k)
We are currently in appointments this afternoon, as soon as we are finished we will be posting some comments on the new stats listed above for this week, have a great Friday, stay tuned!
Read more: Edmonton Real Estate Market Weekly Update – Aug. 26,
First time buyer age soaring
A recent study has shown how the average age of the first time buyer has soared over recent decades, with the younger people of today expecting to be around twelve years older than their parents were when they manage to purchase a property for the first time. The study was carried out by the Post Office and showed that the difficult economic and financial climate had really taken its toll on potential first time buyers.
Over the past few years, first time buyers have been hit hard by the problems in the mortgage and property markets. Many have been unable to afford to raise the huge deposits that lenders have been demanding and many others have been unable to get a mortgage at all due to increased restrictions and stringency from lenders, who have been exercising increased caution.
The study involved polling parents and younger people and showed that the average age of parents when they bought their first property was around twenty three whereas their kids expected to be around thirty five years of age on average by the time they managed to afford a property themselves.
Better deal for fuel fill-ups with AA Reward Plus card
The latest petrol price news has brought little cheer for hard-pressed families trying to manage their motoring costs, according to AA Financial Services. But drivers can make their fuel spending go further with the AA Reward Plus Visa card.
Despite a slight fall in average unleaded petrol prices from a high of 136.58p a litre on 8 August to 135.71p last week (19 August), this doesnt reflect a wholesale price drop that is the equivalent of at least 3p per litre.
According to Mark Huggins, director of AA Financial Services, motorists are not just shunning the most expensive fuel retailers but looking for other ways to save money.
“This is where a cashback credit card really can help make difference in the weekly cost of filling the tank,” he says, pointing to the timeliness of the recent launch of the AAs new Reward Plus card. The card offers 3 per cent cashback on fuel and 0.5 per cent on all other card purchases, with a generous upper limit of £2,000 on fuel purchases every year. But
Get Out Of Sprint Cell Phone Contract, Avoid Early Termination Fee (August/September 2011)
If you are under a Sprint cell phone contract and want to get out of it without paying the steep Early Termination Fee (ETF), check your statements with a billing date in August. Look for the following text:
Administrative Charge Increase Terms Conditions Changes for Consumers Effective 9/9/11, the Administrative Charge will increase to $1.50 per line for customers that receive the charge. For details, visit Sprint.com/taxesandfees. In addition, the Sprint consumer Terms (TsCs) are changing. Please review them carefully at your local Sprint store or Sprint.com/termsandconditions.
You may be stuck in a contract, but a contract runs both ways. Sprint is also stuck and cant go increasing your monthly bill whenever they want. The law states that if a company makes a material change to the contract, then the consumer has the ability to exit the contract without an ETF if they notify Sprint within 30 days of the notice.
In Case You Missed It: Weekly News Wrap-Up
Bank of America booted out Wells Fargo this week as the most talked about bank because of impending massive layoffs followed by merger rumors with Chase and the new $5 billion investment from Warren Buffet.
Most are concerned with the impending Hurricane Irene, which is heading right for the eastern seaboard; we wonder what this may do to our economy. However, if you live in striking distance of this deadly force, take all the precautions necessary.
After the earthquake earlier this week, residents fear what can happen in the event of Irene touchdown. Make sure your physically prepared as well as financially.
Bank of America (NYSE: BAC) announced their $5 billion influx from Berkshire Hathaway (NYSE: BRK.A) in exchange for shares of preferred stock after waving away rumors that they would be merging with JPMorgan Chase (NYSE: JPM).
English football ticket prices are disgusting
I’ve been watching football matches since I was five, where I think a combined ticket for me and my Dad used to cost about a fiver.
Okay, so that was for Southend United, but even my local club now charges £21 for an adult ticket – and after watching some of the League Two dross last year (the English fourth-tier), I can tell you that is not good value for money.
Football, especially Premiership football, is a business to the owners and this in turn means they are looking to maximise profits – and that means exploiting supporters’ loyalty and passion for their club.
4 Ways by which you can avoid falling into credit card debt
Credit cards are a source of help to make payments when you have shortage of money in hand. When you use multiple credit cards altogether, you cannot keep a track of how much outstanding balances you have on which card. As such, you fall into debt problems. In such a situation, you can take out the help of debt consolidation to repay your credit card debts. It is advisable that you should use your credit cards only during emergency.
4 ways by which you can avoid credit card debt
Read on to know 4 ways how you can avoid credit card debt.
- Spend money as per your repayment capacity – It is advisable that you should use your credit cards as per your repayment capacity. This will help you repay your credit cards outstanding balances at the earliest. You will fall into debt problems if you use your credit card more than your repayment capacity. S