Demand And Supply
Essay specific features
March 1, 2012
No of pages / words:
2 / 381
Rating of current essay:
In many major cities, the supply of real estate has been behind the demand.
This created and sustained a sellers’ market, which means if there are more buyers than desirable properties prices will rise.
Those properties are no less desirable than they were a year ago, however the credit crisis has reduced the number of potential buyers...
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With fewer potential buyers in the market, prices will drop as homeowners compete for the sale.
A note about the buyer-seller relationship: In free markets, you must have a willing buyer and a willing seller. When I say there are more sellers than buyers, I mean that sellers are forced to provide incentives to convert reluctant prospects into buyers...
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