There’s a well-known economic theory – the law of divply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the divply of the item increases, prices fall. Of course, when demand is very high and divply is very low, prices can rise significantly.
Understanding the impact both divply and demand have can provide the answers to a few popular questions about today’s hou... read more