Town & Country Real Estate

Double Whammy About To Hit!

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Town & Country has been forewarning the shift about to occur since mid 2012… don’t say we didn’t warn you

This morning’s Wall Street Journal, Nick Timiraos & Conor Dougherty wrote about the drop in inventory in an article titled “Home Supply Falls Before Key Selling Season”.
They describe what we have been saying for the past several months.

— SALES ARE UP & INVENTORY IS DROPPING—
Economics here are elementary as to what happens to the price of anything when the scales of supply & demand tip in that direction
PRICES GO UP!!!!!
The second part of the DOUBLE WHAMMY is interest rates!
There’s only ONE direction— they’re going up too!
So 1-increased demand + 1-decreased supply = price increases
PLUS
Interest rates on the rise
Town & Country keeps asking you the same question.. so ARE YOU IN?

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