Posted by
Code Red on Sunday, October 19, 2008 12:00:00 AM
On Friday housing market numbers were down for the number of new homes built, which caused a downturn in the market. Shouldn't this be happening anyway? Isn't this a classic case of supply and demand: the supply is high, the demand is low, acquiring financing has become more restrictive, so the new home construction market must slow down and homes for sale must increase in their value, first. Why is the market acting as if it is ignorant of this process?