LA Real Estate Advice: Natural Equilibrium Home Prices
Posted by admin on Jul 09, 2011Westside LA Real Estate Advice: In the short run, home prices will be strictly determined by demand. Supply cannot be brought in line in a short time-frame. It takes time to get permits, draw up architectural plans, bring in earth-moving equipment, etc. Therefore, a spike in the number of buyers along with a fixed supply of homes will result in home prices shooting through the roof.
Posted in: Buyer's Advice
