Advice Topics
- Buying (154)
- Selling (180)
- Renting (39)
- Market News & Trends (11)
- Finance & Legal Info (79)
- Tips & Advice (85)
- Working With an Agent (51)
- Marketing (4)
- Investing (13)
- Affordable Housing (13)
- Green Housing (2)
- Schools (1)
- Remodeling (29)
- International Real Estate (8)
- Terms & Definitions (23)
- Home Loans (10)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
Why are home prices so high?
Why are home prices so high? Even homes outside of my desired area are so expensive. I've been trying to save to buy a house, but the downpayment I planned now doesn't get me what I want.
Asked By Angelica | Phoenix, AZ | 176 views | Buying | 8 months ago
Answer(2)
Lisa and Greg Harris
eXp Realty, LLC
1st Supply and demand cause the increase, especially in areas where we are seeing mass amounts of moving into an area to "escape" other areas. The rising cost of building is driving prices, which are also aggravated by inflation. The fact that there are areas, where the inventory supply is low and more buyers want to move to an area than there are homes available is the biggest factor!
- 7 months ago
Helpful (0)
Unhelpful (0)
Jamie Merwin
ZMD REALTY
Many factors including Supply & Depand and Inflation.
- 8 months ago
- Helpful (0)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Related Questions
-
What is the first step in buying a home?
- Asked by Mike M.
- 752 views
- Buying
- 3 years ago
-
How to buy a house without closing costs or down payments?
- Asked by Timothy S.
- 855 views
- Buying
- 3 years ago