demand: I'm no Econ major, but I know Supply & Demand! - 02/20/08 08:46 PM
 
We've all heard it a million times in the past year or two.  "Oh, you're in real estate?  Pretty slow now, huh?" or "The market's pretty bad now, right?"  AHHHHH I want to pull my hair out! 
The market isn't bad!  That's actually an impossibility.  According to the laws of supply and demand, if the market is bad for one party, it must be good for the other. 
LOW SUPPLY = HIGH DEMAND = GREAT SELLER'S MARKET
A few years ago everyone was talking about what a great market it was.  Prices were going up and up and up!  Homes were selling … (5 comments)

 

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