Re: Re: Booming local markets in a national bust



@angie wrote:

Agree there Gary but surely a large part of this has to be the supply and demand as I mentioned before, I mean who would have thought those facts below could be possible? If there’s only 145,000 unsold new builds throughout the US, there’s probably very few in San Francisco or any US city, and what does that mean? It means more demand for re-sales, unlike in Spain 🙄

Spain is and will be a different basket case until it shifts half or more of it’s unsold homes, however, there will inevitably be more demand for City homes even in Spain 😉

Angie, how do you think those million unsold homes are affecting prices in Mallorca for example?