“Excess supply, including homes that are currently
for sale and homes that will be put up for sale when
prices increase, will prevent sustained home price
appreciation. As buyers absorb the supply of homes
for sale in a given market and prices start to firm as a
result, home owners who are eager to sell but have
been unable or unwilling to do so at prior price levels
will put their homes on the market. Supply will increase
and home price appreciation will cease, and to the
extent that the newly unleashed supply exceeds the
current demand, home prices will be pushed back down.”
See OC Register: June 21, 2012.
http://lansner.ocregister.com/
2012/06/19/tell-us-is-the-housing-recovery-overstated/163821/
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.