1. The Housing Sector, Interest Rates and Unemployment Examined
... contrast, lenders require that mortgage payments do not exceed a level of between 28 to 30 percent of gross annual household income. The gap between affordable payments and available housing was quite large (Trimbath and Montoya, 2002, p. 2). Literature Review Rapid inflation in house prices, particularly over the past five years, is now a global phenomenon. The Economist (2003) launched its global house price indicators ... , experienced the most rapid rise in house prices in recent years. There have been a number of significant studies completed in relation to residential property pric...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate