John Burns: 88% Difference in Price Appreciation Explained by Supply and Demand

by Erik Franks Consider these trends: Frothy markets: In 9 markets, home prices have risen faster than can be explained by falling mortgage rates and rising incomes. Beat-up markets: In 2 markets, income growth has outstripped home price appreciation despite receiving a 44% boost from falling mortgage rates. Income growth should drive home price gains. In […]