Rosa and Donald Perez, Owners of Chimichurri's South American Grill recently announced their puchase of Sharky's Waterfront Grill, and they plan to have this popular restaurant open to the public in
Supply & Demand Will Determine Future Home Values
Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as:
When demand exceeds supply, prices go up. Every month this year, demand (buyer traffic) has increased as compared to last year and for the first five months of 2018, supply (the number of available listings) had decreased as compared to last year. However, a recent report by the National Association of Realtors (NAR) revealed the first year-over-year increase in supply .
The increase in the June numbers doesn’t mean that prices won’t continue to appreciate. In that same report, Lawrence Yun, NAR’s Chief Economist, explained:
The reason home prices are still rising is that there are many purchasers looking to buy but very few homeowners ready to sell. This imbalance is the reason prices will remain on the uptick.
If you are looking to buy a home, sell a home, invest in real estate, or even lease, I'm your girl! My name is Linda and I love what I do! I am fun to work with, extremely patient, and very underst....
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