Real-estate

property value

What Makes Your Property Value Go Down?

Like all other commodities, property values rise and fall according to supply and demand.  In an economy where most of the working-age people are employed, renters feel financially secure enough to buy their first home. Existing homeowners use their home equity to upgrade, so they put their home up for sale and buy a home that is closer to their dream home.  Retired homeowners often downgrade, move to a retirement community, or move to an area closer to their grown children.  And so it goes.  This is an economy that produces the movement of home sales, and the increased home prices reflect the home buying cycle.