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Sunday, January 4, 2009

Would prices start rallying again?

Prices maintain the equilibrium between demand and supply:

"The stimulus package announced by the government will re-generate the demand cycle in the housing sector, which remained subdued on account of high home loan rates, high prices of residential and general economic condition," real estate consultants, Jones Lang Lasalle Meghraj chairman & country head Anuj Puri said.

"Prices maintain the equilibrium between demand and supply. The only fear is if realtors cut supply in accordance with slumping demand, prices would start rallying again. Hence, supply needs to come into the market and the government's move is a great step towards that," Puri said.
To read more, please, visit - The Times of India

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