The real estate market is influenced by two major factors: supply and demand. While it’s easy to understand the concept of demand (who doesn’t want to invest in real estate?), not many people pay attention to how the supply of available housing impacts the market. Both of these factors are equally important as they determine the dynamics of the real estate market.
A quick intro to supply and demand
When we say demand, we’re referring to the number of people who are looking to buy a home. Demand…