Posted To: Pipeline Press
The price of plenty of things, not just mortgages, is set by supply and demand. Forget the price of turkey… how ‘bout Christmas trees?! I don’t know how Christmas tree “experts” figure that out, but look for 10-30 percent higher prices than last year, and it has nothing to do with ships stuck in the Suez Canal or China closing down steel production ahead of the Olympics. It takes ten years to grow a tree to the right size, and 10 years ago Christmas tree farms were reeling from the recession and slashed plantings. And the demand for trees has been rising over the past several years. And we’re seeing demand for manufactured homes: shipments have been steadily rising since the 2009 recession . Manufactured houses hit their numerical peak in the late 1990s…(read more)
Source: Mortgage News Daily
