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If home prices are going up everywhere that means demand is exceeding supply everywhere. Only if the houses are selling at the higher price. There are a lot of
by onion2k 4y ago
If home prices are going up everywhere that means demand is exceeding supply everywhere.
Only if the houses are selling at the higher price. There are a lot of empty, unsold houses where the owner is refusing to reduce the price. Property economics is weird.
- stanleydrew 4y agoI think "home prices are going up everywhere" means actual closed transaction sale prices are going up, not listing prices.