1. The Housing Sector, Interest Rates and Unemployment Examined
... 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 in early 2003. Over the past five years, real house prices have ... of 8%-12% in Australia, UK, Ireland, the Netherlands and Spain. In these six economies, the ratio of house prices to average earnings is at record levels and much higher than the average level over the period 1975 to 2002. The Economist concludes that house prices cont...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate