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The Housing Market: High Demand, Low Supply

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Economy ニュース

Housing Market,Mortgage Rates,Supply And Demand

CoreLogic Chief Economist Selma Hepp discusses pricing, supply and demand in the housing market, and what potential homebuyers need to keep in mind.

The housing market has had a bumpy ride, with high mortgage rates and a lack of supply of houses, all while demand remains high. On top of that, the way homes are being soldWith the potential for interest rates to be cut within the year, an influx of home buyers may enter the market increasing demand with a low supply of housing.

What should potential home buyers be on the lookout for? CoreLogic Chief Economist Selma Hepp joins Wealth! to discuss pricing in the housing market, supply and demand of housing, and what potential homebuyers need to keep in mind. Hepp gives insight into how a low supply of homes has been driving demand:"There is a lack of existing supply of homes, which is driving demand towards new homes and there's been a greater availability of new homes, particularly in some markets in Southeast and Sout

 

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