Hey folks, I don't know much about the real estate industry but there's something I need to ask. I noticed there are so many homes being built, but those numbers exceeds the number of buyers in the real estate market. According to the law of demand and supply, if there are more supplies that demand, then a house would lose its value or be worth less. But since the Fed has cut rates to half point, will the numbers of demand increase or will other factors discourage consumers from buying? If more buyers decided to step into the market, when should one expect to see an uprising trend?

What about the numbers of bank-owned homes? Will this number increase or drop in anytime soon? Don't this factor have any effect on the market? Your opinions would be appreciate. Thank you.

Steve