The Rise and Fall of Demand: How Home Sellers Should React

: "It was an ordinary gray house. Moreover, it was situated in a less-than-perfect setting: near a noisy freeway and close to an industrial park. Still, the house sold within three days, after its owners chose from among six competing bids for the place.
'I was floored by the reaction of buyers,' allows James H. Higashida, the broker-associate from Prudential Realty who had listed the gray house. Higashida attributes the swift sale to one key factor. Around last Thanksgiving, when the house was put up for sale, demand for properties in the community happened to outstrip supply there"
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