| Supply and demand plays in here as well. It seems that the inventory of homes has been increasing, as you know when there is more of a product than needed sales sometimes stagnate. Furthermore the FED has been increasing the interest rate, this has caused a slowdown in the home sales as the interest rates have increased. The simple fact remains that in a market economy all things eventually balance out in the end. We have seen record sales in homes thanks to lower interest rates, now that the interest rates have increased we will see those sales balance out. Thus is the life of the market economy.
More people today own their own homes than ever before. That is a simple fact. Now that prices have increased and rates have increased, we will see that the record numbers we hit will stabilize. That does not mean doom and gloom, but rather that the market is growing. Perhaps now, we will see a decrease in the building of new homes, and as the inventory falls prices will go down and then we will see a boom again. That is how the market works. With the high demand for homes we also saw higher prices, now with a lower demand, we will begin to see lower prices which may allow more people to be able to afford to purchase a new home. The beauty of the market, only those who are ignorant of it cry out about the doom and gloom.
dmk
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Conservatism, I repeat is not an ideology. It does not breed fanatics....But if you want men who seek, reasonably and prudently, to reconcile the best in wisdom of our ancestors with the change which is essential to a vigorous civil social existence, then you will do well to turn to conservative principles
-Russell Kirk- | 
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