Home Sales Surge as Prices Pick Up (HIGH-END OF MARKET BREAKS OUT THE CHAMPAGNE!!) - InvestingChannel

Home Sales Surge as Prices Pick Up (HIGH-END OF MARKET BREAKS OUT THE CHAMPAGNE!!)

“Basic supply and demand functions have helped push up final home sale prices in recent months. Construction stalled out during the Great Recession, and there is now a tight market of affordable homes in desirable locations. This has allowed realtors to ratchet up prices, which is a great thing for homeowners but effectively limits the pool of individuals who can afford to shift from renting an apartment to paying down a mortgage.”