How do prices of good Vancouver houses for sale stay stable? According to Robert Shiller of The New York Times, inflation is a major but only one indicator. Today’s home, according to Shiller, may cost around $50,000 more in 10 years; but that’s just the nominal dollars speaking. Taking inflation into account (real dollars), there may not be much of a change in value.
Overall, price stability can be good news for buyers of good houses for sale in Vancouver and other places. Construction and technology also affect price stability for real estate, constantly building homes to meet demand. Demand and supply will work its magic as usual, as Multiple Listing Systems like RE/MAX Crest Realty Westside deals with buyers and sellers alike.
http://www.remax-crest-vancouver-bc.com/prices-of-vancouver-houses-for-sale-stable-for-2014-economists-say
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