Even those with the most tenuous understanding of economics should understand what the Davy report on the housing shortage means, especially in relation to house prices. Davy Stockbrokers report estimates that the State will need 93,000 new houses per year to keep up with demand. But in 2024 only 30,000 homes were builit. And the… Continue reading House prices and the logical conclusion of the Davy Stockbrokers report
Tag: house prices
Are house prices ready for a correction?
If you study economics in college one of the first things you learn, a foundational principle of economics, is about supply and demand. You learn that if supply is constrained or restricted or non-existent prices are likely to rise. And if the supply taps are turned on prices are likely to fall. There is a… Continue reading Are house prices ready for a correction?
ESRI report says house prices are overvalued by 7%
The ESRI, in a report just published, have claimed that house prices are overvalued by 7%. However, it goes on to say that it is too early to say if prices will fall or correct or not. That, I find surprising. For if prices are too high and property is overvalued surely buyers will cause… Continue reading ESRI report says house prices are overvalued by 7%