How the housing market works, and what causes it to go so high or to crash

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Basically I understand that there are not many houses for sale right now, so supply and demand would dictate high prices. However, wouldn’t the high prices attract more people to sell? Is everyone just holding their houses hoping prices go even higher?

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Anonymous 0 Comments

Well, just because you’re selling your house at a high price, it doesn’t make it smart to do. Because, as you said, houses are going for a lot now. So, buying a house is going to cost you more than it normally would too

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