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The picture is not clear. I can only speculate:9 N: j ^# T9 t L; u+ U
1. It is the medium home price of Calgary from 1999 - Aug. 2006; 9 `" p; I* |$ P0 h1 a2. Pink color: Home price vs. time;" K; z# v5 j8 ~( Q
3. Blue color: price change each month. 8 z% L* c) j$ [7 o: q- B6 [1 P) `1 P# i8 U1 V# n: a: T
Comments: 6 A7 r C' H2 X0 ]# g' F ; k. ~4 G6 q' v; c4 S1. The trend of price increase is clear and strong. Both fundamental and technical 7 }$ m# n# e, w( z) Ostill support the further price increases.: o2 \; c J5 z. p9 f/ B1 m
2. The price does not increase every month. The drop of July 2006 does not mean ) o3 o3 t# m9 ?: |* d; C% [the price will decrease further. The price came back on August.1 h& Z% ~; g* u6 u3 D; D
3. With more clear picture, we will see which month the price is likely seasonally low, so that the buyer may prepare to enter the market.
% l ~) f8 x: `The picture is not clear. I can only speculate: 9 P) H* X* Q4 `0 Y) G9 @1. It is the medium home price of Calgary from 1999 - Aug. 2006;: g5 r3 e- i% p; b% E# S! ^
2. Pink color: Home price vs. time; / D( j5 \4 t4 ]5 |0 j3. Blue color: price change each month.) {5 p5 r+ f- l) x5 J, M
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