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Interesting. What would cause demand to increase literally everywhere? Btw, respect to your username.
by CincinnatiMan 4y ago
Interesting. What would cause demand to increase literally everywhere?
Btw, respect to your username.
- wbsss4412 4y agoPrices are set by the relatively small number of houses that are traded at any one time. This can be either demand or supply driven. Realistically, what’s causing this increase is the large amount of cheap money floating around in the economy at the moment. Something that should change in the near further assuming the Fed stays it’s course in tightening the money supply this year. The other factor at play that should be noted is the shift to WFH, the vast majority of the US population lives within major metro areas, even a small shift to rural areas creates huge spikes in demand. Housing isn’t something that can be scaled up in a small town quickly.
- digisign 4y agoPopulation growth, nimbys everywhere.