Home prices are still on the rise, but why?
Will home prices continue to rise? The simple answer is yes. The reason for that prediction is that our supply of homes for sale is low, but buyer demand for homes is high.
Suppose you booked a trip to Jamaica a year in advance. You’d get a great deal for it because there were a lot of available trips when you booked it. If you went to purchase the trip only a month in advance, the supply would be much lower, if there were any trips available, and the price would be higher. In the end, as long as our home inventory stays low, the prices will keep rising.
If you have any questions or would like more information about what’s going on in the market, don’t hesitate to reach out to us. We’d love to hear from you.