What Do Supply and Demand Tell Us About Today’s Housing Market?
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly.
RECENT POSTS:
If you've been thinking about selling, you've probably seen plenty of headlines suggesting buyers have just about disappeared.
If the first half of this year has left you feeling stuck, you're not the only one. Mortgage rates stayed higher than people wanted.
Saving for a down payment can feel like the hardest part of buying a home.
After the Fed's June meeting, "I'll wait for rates to drop" is a weaker bet. Here's the honest version of that conversation.
One of the biggest reasons buyers are still sitting on the sidelines is because they think home prices are going to come down.
A lot of people who want to move are telling themselves the same thing:
"Maybe I'll just wait until later this year once things calm down."
