Uncle Bob …you got a lotta 'splaining to do about Real Estate, financing and real property trading. — You have a favourite uncle, don't you? – someone who loves you like your Mom/Dad … but is a lot more fun? That's the relationship we'll have- on this site and in person. Lots of Q's and A's in November 2013 link, scroll down, on Right Side
Part 8 – It’s demand that drives Realty Prices – supply is a by-product of Price engendered Fear, Greed &/or Opportunity (what can I buy with that increase in $$) But … there is always a transitional lag – a delayed wave of perception of mkt shifts first felt by registrants, then by active buyers, then by pundits(using last months data) and then the general public.