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?
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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