1. The Housing Sector, Interest Rates and Unemployment Examined
... 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, home sales naturally increase as ... real estate market will depend on the interest rate environment, which remains favorable, and job retention and creation. During 2006, one of the largest population segments, roughly 76 mil...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate