Thursday, January 18, 2018

Textbook inflation sign.

"Aging millennials and young families may be able to find more affordable new homes for sale this year, but they'll most likely be in further-flung suburbs with more grueling commutes to urban job centers," said Aaron Terrazas, a senior economist at Zillow.

He added that tax cuts would put more money in buyers' pockets, increasing demand at a time when builders continue to struggle with rising land and labor costs. Source.

Emphasis mine. Too much money chasing too few products or services.

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