Why Aren’t Home Prices Coming Down? An Explanation from Keystone Mortgage

Hi, Matt Padgett with Keystone Mortgage here. A question we get a lot from home buyers is, ‘Why aren’t home prices coming down with inflation up and interest rates up?’ Well, it all is just Economics 101 – supply and demand. There is just not enough homes available out there for the demand that we see. There was a number that came out recently; there are almost 4 million homes underbuilt in America, meaning we need four million homes just to have an even market. For more details, give us a call at (865)-909-0211.

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1508 Coleman Road
Knoxville, Tennessee 37909
Sarasota FL Office
1400 Peregrine Point Drive
Sarasota FL 34231
Phone: 865-909-0211
Fax: 865-909-0178
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