The Philadelphia Caller
Philadelphia News, Spots and More 
CANADA - If you're looking to buy a home in Quebec City, several trends will influence the market in the coming years. For instance, rising interest rates will put downward pressure on price growth, and inventory is shrinking. But the biggest factor will still be the affordability of the city's real estate.
CANADA - If you've followed the market recently, you know that affordability is a major issue. However, despite this, prices for new homes have stabilized. There are now record numbers of new homes under construction in Metro Montreal. This means that there will be more competition for real estate deals.
WEST VIRGINIA - The West Virginia real estate market is currently experiencing an inventory shortage. Most of the larger cities in the state have fewer listings than a balanced market. This shortage has made buying a home more difficult, and competition for available houses has pushed up prices. The state is also facing a rising number of foreclosures, reducing the number of homes available for sale.
ALABAMA - The latest real estate data shows that home sales in the Birmingham metro area decreased by four percent in October. This trend is in line with statewide trends. Although the Birmingham housing market continues to be strong, inventory remains low. This has kept prices high and helped the Birmingham housing market approach national and state averages. However, the pace of growth is expected to slow in the coming years as rising mortgage rates dampen consumer demand.
CANADA - In Ottawa, home prices continue to rise. They are up 8% since last year. Ottawa has seen housing prices rise faster than the average compared to other Canadian cities. The price of freehold homes took 23 days to sell, while condos took 29 days. In the last month, 3,333 residential properties were listed for sale. Of these, 2,757 were freehold, and 576 were condos.
CANADA - In the first quarter of 2023, the housing market in Canada could see prices drop by 25%. While the housing market is still very attractive for investors, population growth drives demand. This is causing interest rates to rise and prices to fall. As a result, many buyers will wait to see how the market will react to changes in the cost of borrowing and prices before they commit to buying. However, the worst may still be ahead.
