What the owners want (in terms of $ for their house) impacts the supply of houses, which impacts the price of houses. It is further impacted by city councils re

What the owners want (in terms of $ for their house) impacts the supply of houses, which impacts the price of houses. It is further impacted by city councils restricting building new housing (city council is composed of home owners) who have an incentive to raise the value of their house to what they want.