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Posted on February 20, 2018 - 07:42 AM
by Linda Kaufman
I'm one of those people that loved school. I still love to learn and am curious about a variety of subjects. But economics was my least favorite subject! I wish I had paid more attention. For me it comes down to "Supply & Demand" and it has been most apparent in the housing market over the past couple of years.
Homeownership is again on the rise and with limited inventory (Supply) and tremendous Demand, prices have been climbing too. "The pool of interested buyers at the end of the year significantly outweighed what was available for sale" Lawrence Yun NAR Chief Economist.
Homeowners once again have equity and with low interest rates that means high purchase power!