Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand Do prospective homebuyers still believe purchasing a home makes sense? Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes available for sale). An article from the Wall Street Journal shows this is true for new home construction. “Home builders have sold more homes than they can build. Now they are limiting their sales in an effort to catch up.” Again, the buyers are there. We just need houses to sell to them. If the slowdown in sales was the result of demand waning, we would start to see home prices beginning to moderate – but this isn’t the case. There’s a shortage of listings, not buyers, and there are three very good reasons for purchasers to still be interested in buying a home... #Bgroup #Prescott #Realtor #Homes #Smart
Brad Bergamini
Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand Do prospective homebuyers still believe purchasing a home makes sense? Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes available for sale). An article from the Wall Street Journal shows this is true for new home construction. “Home builders have sold more homes than they can build. Now they are limiting their sales in an effort to catch up.” Again, the buyers are there. We just need houses to sell to them. If the slowdown in sales was the result of demand waning, we would start to see home prices beginning to moderate – but this isn’t the case. There’s a shortage of listings, not buyers, and there are three very good reasons for purchasers to still be interested in buying a home... #Bgroup #Prescott #Realtor #Homes #Smart - 928-227-8575
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