1. The Housing Sector, Interest Rates and Unemployment Examined
... , 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. The current supply of new homes on the market is 3.9 months; among the lowest ever. The confluence of circumstances that created this rapid appreciation of home prices has attracted the attention of non-owner households, bringing more of them into ... rates across almost all countries except Greece. The largest falls are recorded in Ireland and Spain, the countries with the highest rises in hous...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate