1. The Housing Sector, Interest Rates and Unemployment Examined
... 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 the market. Obviously, the fundamentals of supply and demand, with price as the equilibrating force, are well at work in the housing market. Measuring housing affordability by the ratio of mortgage payments to income ... -- how will the baby boomers impact the real estate market in the next 10-20 years? In order to a...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate