The housing reports are out for Q3. All the terminology can make one’s head spin. The charts and graphs and month over month figures…what does it all mean to us regular folks? We will break it down for you. It’s really a matter of Supply and Demand, and Cause and Effect.
The housing reports contain both good and bad news. It is good news for the sellers and home owners who are getting appreciation in their home values and equity. This also gives the economy a boost of consumer spending. It is not as good for home buyers. Due to the rise in home values, many hopeful home buyers are getting priced out of the market or choosing to stay out of the market altogether. (more…)