1. The Housing Sector, Interest Rates and Unemployment Examined
... Bourassa, Hoesli and Sun (2003) and Yu, Han and Chai (2005) have also confirmed that a view provides a premium or greater value to residential property, ranging from 15% to a maximum of 89% as stated in the Bond, Seiler and Seiler (2002) study. All these studies have also confirmed that the actual amount of any premium for a view depends on the supply of such property ... about 37% of all U.S. households and 28% of the total population. And, as can be imagined, such a large segment will definitely have gargantuan impact on the economy, generally, and the housing market, specifically. In m...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate