Consumer Stories
Simon Says: Why the housing market is a seller’s market
In the Riverwood subdivision of Evans very few of the 1400 homes are for sale—and if they are—homes are not lasting long and selling prices are higher than normal. This home sold for the asking price of $479,000 within a few days. (Photo courtesy Sally Kolar Photography) I was talking to a former student who was describing how hard it was to buy his first home in Augusta because of the hot housing market. It prompted me to look up some local data from U.S. Federal Housing Finance Agency. The
Simon Medcalfe, AU Professor of Economics at Hull College of Business
May 19, 2021
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