1. The Housing Sector, Interest Rates and Unemployment Examined
... prices upwards. Because the increase in prices was driven by demand stimulated by the reduced cost of mortgages, 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 ... period, there has been a decline in unemployment rates across almost all countries except Greece. The largest falls are recorded in Ireland and Spain, the countries w...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate