Why?
2007-02-06 04:52:32 · 5 answers · asked by zana 1 in Social Science ➔ Economics
The price will go down. It the basic law of supply and demand. As supply goes up, demand goes down, and as demand goes up, supply goes down.
2007-02-06 04:56:57 · answer #1 · answered by chrissy c 1 · 0⤊ 0⤋
Building too many houses is indicating an excessive supply of houses. All things being equal, prices will begin to fall until the demand for the houses increases to a point where the excess supply is used up.
2007-02-06 14:38:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
That would put a flood to the market of real estate of too many houses. It will drive the price down and offer the buyer better deals and bargining tools.
2007-02-06 12:57:10 · answer #3 · answered by Extra Blue Note 5 · 0⤊ 0⤋
The price of the houses will go down, however, the mortgage interest will start going up.
2007-02-06 13:00:31 · answer #4 · answered by Joanna 1 · 0⤊ 0⤋
they will come down as to much of anything causes a price decline.
2007-02-06 13:01:31 · answer #5 · answered by bungee 6 · 0⤊ 0⤋