If the supply of housing is constrained and unable to keep pace with rising demand, prices tend to increase. This scarcity can create a sense of urgency among potential buyers, who may be willing to pay higher prices to secure a property before it becomes even more expensive. This increased demand due to limited supply can further drive up prices.
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Is the residential real estate market in central California showing a rebound this year? Sales are up strongly month to month, although far from levels 12 months ago.
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Barbara Corcoran was on Good Morning America today and offered her take on the current real estate market. All real estate is local and her take on the market this morning was more reflective of what is happening nationally.
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Market Trends for southern Santa Barbara Home sales in all price points took off in June last year here in...