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Housing demand isn’t met in most large metros, Trulia says

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Home prices continue to climb as homebuilding stalls in adding enough supply to the stock. But like most things in real estate, it’s dependent on location as to whether or not a city can add enough volume to meet the incoming demand. In a recent Trulia report, the nation’s biggest metros were studied to determine homebuilding trends and local real estate prices over the past 20 years. According to the study, the national demand for housing has grown at a pretty stable pace alongside prices, but as of late, builders aren’t supplying homes fast enough to keep up with prices. The gap between new supply and fluctuation of prices is considered elasticity, the report says, and markets with greater elasticity are able to keep up with the pace of housing prices. One of the biggest hurdles…

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