Some great analysis today on fundamental housing market dynamics as old as the hammer and nail: when demand rises and supply shrinks, prices go up. While you don't need a degree in economics from The Ohio State University to understand this, CNBC does some great reporting on the finer points. For instance, market segmentation between distressed properties, used homes, and new builds from builders adds some depth to the picture of rising costs. Also of note is, despite the local market's hit in 2008, prices are on the rise everywhere--even in those areas not swamped with foreclosures like Columbus. CNBC claims builders aren't building fast enough--if they only knew what The Tuckerman Home Group was accomplishing in Wentworth Crossing! Read the whole article within.
"Sellers could be soon be riding a perfect storm of pent-up demand, historic low rates, and very few new homes for sale or coming soon," said Craig Tuckerman, President of The Tuckerman Home Group as he finished tidying the grounds of his company's latest sale, a single family home at 6326 Artesian Run in Lewis Center.
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