1. The Housing Sector, Interest Rates and Unemployment Examined
... in house prices. A similar relationship is found in terms of employee compensation, with Ireland and the UK the EU since 1997. Interest rates are an important factor in driving house price performance; however, Khatri (2003) notes that differences in mortgage market structures mean that for some countries, short-term interest rates play a greater role in housing demand than long-term rates. Nevertheless, despite ... balance and market data shows we may have reached that point or, at least, be nearing that point. The strength of the residential real estate market will depend on the intere...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate