Market Insider: How Long Will this Housing Shortage Last?By Lawrence Yun Home prices have risen at a double-digit rate since early spring. This robust appreciation appears nearly certain to last for the remainder of 2013 and the reason is basic economics: increasing demand and tight supply. With a 13-year low inventory of existing home listings and a 50-year low for newly constructed home inventory, buyers are increasingly forced to bid with an escalation clause in hopes of winning a home.Please login to continue reading, or follow the link in your e-Newsletter. Signup for a free trial! |