Friday, September 15, 2006

Supply and Demand in housing

This WSJ article discusses the housing market and has some interesting tidbits on supply and demand. Read the article here

Supply and Demand is explained rather well below in this paragraph:

What we saw was bleak news for sellers in our region, but good news for buyers like Melissa and Joe: block after block of open-house signs. In fact, we were hard-pressed to find a street that didn't have at least one home for sale -- and many had more than one. What's more, most of the 20 or so homes we visited were vacant -- a sign that homeowners have moved on and are motivated to sell, or that speculators are looking to unload properties before prices go any lower. (Asked why one home was vacant, one agent said frankly: "This was a 'flip' that flopped.")

1 comment:

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