The beauty of real estate is in its simplicity. Yet many times forecasters and economists form basic assumptions about the real estate market which don’t materialise. The assumption for most of the past year has been that real estate prices will fall by x% because of rising rates. It’s true that rising rates have dampened price growth, but what many have failed to understand is that supply and demand are not as straight forward to forecast.
Australian house prices show signs of bottoming
Australian house prices show signs of…
Australian house prices show signs of bottoming
The beauty of real estate is in its simplicity. Yet many times forecasters and economists form basic assumptions about the real estate market which don’t materialise. The assumption for most of the past year has been that real estate prices will fall by x% because of rising rates. It’s true that rising rates have dampened price growth, but what many have failed to understand is that supply and demand are not as straight forward to forecast.