House Prices: Why Low Supply Will Drive the Market up After a Drop
"You're going to continue to see prices firm up and trend higher" due to low supply, Black Knight's Walden told CNBC.
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"You're going to continue to see prices firm up and trend higher" due to low supply, Black Knight's Walden told CNBC.
Housing analyst Andy Walden says a short-lived home price correction could precede another run-up in housing costs to close out the year
"You're going to continue to see prices firm up and trend higher" due to low supply, Black Knight's Walden told CNBC.
The housing market is in a state of “gridlock,” according to mortgage data company Black Knight, which released a report Monday detailing obstacles facing buyers and sellers at many points in the homebuying process.
Metro Atlanta saw its usual May sales burst in the housing market as potential buyers shrugged off rising mortgage rates to search for a home, but the