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 ... higher than the average level over the period 1975 to 2002. The Economist concludes that house prices continued to climb despite a stock market crash, global economi...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate