1. The Housing Sector, Interest Rates and Unemployment Examined
... met with a proportionate increase in supply, creating a very tight residential real estate market that has driven prices upwards. Because the increase in prices was driven by demand stimulated by the reduced cost of mortgages, this rise should not be considered to be a signal of overvaluation in the housing market. In contrast, although new home inventory is currently rising, it remains low relative to current sales ... (2002) indicated that proximity to forest areas resulted in residential lots closer to the forests achieved higher selling prices than those with a less favorable proxim...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate