Blog > What Drives Housing Prices?
Housing prices are driven by a combination of supply, demand, and economic confidence. In my experience, the biggest factor is inventory — when there are fewer homes available, competition naturally pushes prices upward. Demand, on the other hand, is influenced by population growth, job opportunities, and consumer confidence. Interest rates also play a key role; lower rates increase affordability and boost demand. On a deeper level, local amenities, school districts, and neighborhood reputation can significantly affect pricing from one block to the next. Over time, housing values tend to reflect both the economic strength of a community and the desirability of its lifestyle.
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