Housing Price Surge ‘Simply Supply and Demand’
Buying a HomeHome prices are rising at the fastest rate in years, with some areas even seeing double-digit increases. “Nobody that I’m aware of anticipated the kind of price growth that we’ve had,” says Budge Huskey, chief executive of Coldwell Banker Real Estate LLC. “It’s simple supply and demand.” “Supplies have dwindled as banks have pushed fewer homes through foreclosure and because many home owners are either unable or unwilling to sell due to a variety of factors related to the housing-crash hangover,” The Wall Street Journal reports. “Meanwhile, demand has picked […]
