Everyday, we hear about the number of sales in the housing sector declining. For example, check out this article today in the AJC.
The questions that I have are:
- how many houses are going on the market compared to last year at the same time?
- how many new houses were constructed compared to last year?
Also, since people are more hesitant about buying, it seems only logical that builders would be more hesitant about building. If there are no new houses to buy, can sales continue to rise, especially if people are choosing to be less transient?
I suppose the question that I'm really asking is are we looking at a growth/decrease/stability in the population in this area, not how many houses happened to be sold in a given month.