In this video, Domenic Nesci analyses the latest data from CoreLogic and realestate.com to give investors a clear understanding of the current situation in the market. "Fewer apartments and houses are being approved. And this doesn't impact you now. However, these numbers will impact you in about 24 months because approvals are a leading indicator once approved. It takes about 2 years for the buildings to be completed and between 1 and 2 years, depending if it's a house or townhouse or an apartment project."
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It is officially a buyers market
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In this video, Domenic Nesci analyses the latest data from CoreLogic and realestate.com to give investors a clear understanding of the current situation in the market. "Fewer apartments and houses are being approved. And this doesn't impact you now. However, these numbers will impact you in about 24 months because approvals are a leading indicator once approved. It takes about 2 years for the buildings to be completed and between 1 and 2 years, depending if it's a house or townhouse or an apartment project."