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?
Tag: house prices
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%